Get an AnswerWhat are the main benefits and costs of monetary union? What are the main criteria for the optimality of a currency area?Smart Writing ServicesOctober 25, 2017 7:43 amOctober 25, 2017Previous ArticleWhy is it true that in a pure flexible exchange rate system, the foreign exchange market has no direct effects on the money supply? Does this mean that the foreign exchange market has no effect on monetary policy?Next ArticleIf the central bank has an interest rate target, why would an increase in the demand for bank reserves lead to a rise in the money supply?
