European Economic and Monetary Integration EXAM DATE. Exam: April 17 at 18.00 C401-402-403-404. Decision-Making. The logic of regional currency calls for a single central agency with strong supranational powers
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Professor Ronald I. McKinnon
Professor Peter Kenen
Professor Robert Mundell, 1999 Nobel Laureate: the father of the Theory of Optimum Currency Areas.
Increase in wages shifts the supply curve upward
Reduction of wage rate shifts supply curve downward