Chicago Fed Letter: Is the United States an Optimal Currency Area?, No. 146

Content Provider	Semantic Scholar
Copyright Year	1999
Abstract	This year the sound of corks popping on January 1 not only signaled the dawn of a new year but also the launch of what many have hailed as the most ambitious economic policy of the 20th century, the European Monetary Union (EMU). By joining the EMU, 11 European countries have explicitly agreed to maintain a common monetary policy for an indefinite period. As impressive as this might sound, the 50 states of the U.S. entered into a similar agreement 86 years ago, with the signing of the Federal Reserve Act by President Woodrow Wilson.
File Format	PDF HTM / HTML
Alternate Webpage(s)	https://fraser.stlouisfed.org/files/docs/historical/frbchi/fedletter/frbchi_fedletter_1999_146.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article