2005•SSRN Electronic JournalOpen access
Tests of Microeconomic Foundations of a North American Common Currency Area
James L. Swofford
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Abstract
The movement of some members of the European Union towards a common currency area is likely to spark interest in other possible common currency areas. One such area of interest is a North American common currency area. In this paper some results from tests of microeconomic foundations of a North American common currency area are presented. These results can be viewed as favourable for the formation of a North American common currency area.