Increased Wage or Productivity Differentials in a Monetary Union

  • Polly Reynolds Allen


The economic costs of belonging to a monetary union are closely correlated with the size and the frequency of disturbances that affect the member countries differently. Such disturbances are described as ‘asymmetric disturbances’.


Exchange Rate Monetary Policy Current Account Member Country Wage Differential 
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Copyright information

© M. T. Sumner and G. Zis 1982

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  • Polly Reynolds Allen

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