The economic benefits of sharing a currency like the euro continue to be debated. In theory, countries that use the same currency face lower trade costs and exchange rate risk and are able to compare ...

Most economists would argue that monetary integration leads to financial integration; in other words, when a set of countries has a common currency, as in the European Monetary Union (EMU), for ...

As the Fed battles political interference, the constitutional independence of the European Central Bank stands as a vital ...

(Reuters) -Europe's economic and monetary union, the most visible product of which is the euro, is an unprecedented effort at creating a shared currency backed by its own financial architecture. It is ...

Journal of Economic Integration, Vol. 39, No. 2 (June 2024), pp. 454-482 (29 pages) This study investigated the possibility of expanding the GCC monetary union to other MENA countries using cluster ...