Consider the claim that the OCA criteria are self-fulfilling. In what ways might this benefit a country
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Consider the claim that the OCA criteria are self-fulfilling. In what ways might this benefit a country that joins the currency union even if it doesn’t satisfy the OCA criteria before joining? In what ways might this prove costly for a country even if it does satisfy the OCA criteria before joining the union?
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There are potential efficiency gains associated with joining a currency union 1 the currency union p...View the full answer
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