You are advising a small country on whether to print its own money or to use the money of its larger neighbour. What are the costs and benefits of having your own national currency?

MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter19: The International Monetary System: Order Or Disorder
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You are advising a small country on whether to print its own money or to use the money of
its larger neighbour. What are the costs and benefits of having your own national currency?
Transcribed Image Text:You are advising a small country on whether to print its own money or to use the money of its larger neighbour. What are the costs and benefits of having your own national currency?
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