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\nOptimal Currency Areas: Assessing the Eurozone's Suitability\n

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\nThis video lecture discusses the concept of optimal currency areas and applies specific criteria to assess whether the eurozone is an optimal currency area. The four criteria to assess the optimality of a single currency are symmetry of...\nThis video lecture discusses the concept of optimal currency areas and applies specific criteria to assess whether the eurozone is an optimal currency area. The four criteria to assess the optimality of a single currency are symmetry of shocks, integration of openness to trade, labor mobility, and fiscal transfers. The speaker compares the eurozone against the United States as an example of an optimal currency area, pointing out weaknesses in the eurozone's performance in terms of goods market integration, labor mobility, and fiscal transfers.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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18:27
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
4 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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Concepts

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economics, trade, money supply, exchange rate, monetary policy, currency
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Additional Tags

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a-level, lectures, macro, globalisation, and, er, 8.5a, oca, interest rate, video lecture, fiscal transfers, high degree, asymmetric quality, labor mobility, federal government, spending powers, labour mobility, borders effect, single currency, geographical region, fiscal system, member states, wealthy states, monetary union, policy responses, redistribute income, experiencing booms, experiencing recessions, job opportunities, unemployed workers, takes place, specific criteria, simply refers, eurozone countries
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Classroom Considerations

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Best For: Explaining a topic
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Optimal Currency Areas: Assessing the Eurozone's Suitability\" href=\"/subscription/new\">\"Optimal\n\n
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