The theory of optimum currency areas is on exchange rate system and monetary integration.

最适货币区域理论是关于汇率机制和货币一体化的理论。

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In this paper, the study of East Asian monetary integration is based on the theory of optimal currency areas under the guidance of the.

本文对东亚货币一体化的研究，是以最优货币区理论为指导下进行的。

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Robert Mundell's 1961 theory of "optimum currency areas", which lays out the conditions for a workable currency union, is now often cited by the euro's critics.

罗伯特·蒙代尔1961年提出的“最优货币区”理论给出了货币联盟可能成立的情形，如今经常被欧元批评者引用。

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European officials retort that large imbalances are found in all large currency areas even the United States.

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The theory of optimum currency areas says, in brief, that countries face a tradeoff between convenience and adjustment.

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EMU political unity, whether one ad-mits it or not it becomes clear that the literature on optimum currency areas has no relevance.

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