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DB8 There are two questions related to Regional Trading Arrangements 1. Explain the theory of optimum currency areas. 2. Concerning transition economies, what do

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DB8 There are two questions related to Regional Trading Arrangements 1. Explain the theory of optimum currency areas. 2. Concerning transition economies, what do the advocates of shock therapy propose? Each student should respond both questions by one paragraph for each.

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Answer 1 The theory of optimum currency areas OCA is an economic concept that seeks to determine the conditions under which it is optimal for a group ... blur-text-image

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