The practice of European Monetary Integration proved Theory of Optimum Monetary Area.

欧洲货币一体化的实践验证了最优货币区理论。

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Wherefore, the establishment of the East Asian monetary area can be considered a step-by-step implementation.

因此，东亚货币区的建立可以考虑分步实现。

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This mechanism is contrary to the applied economic condition according to the hypothesis of optimal monetary area. So, a new option has to be made for RMB exchange rate mechanism.

用最优货币区理论假说来衡量，这一制度与它所要求的经济条件之间存在很大反差，所以，人民币汇率制度存在重新选择的必然性。

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One of the problems is the one-size-fits-all nature of euro-area monetary policy.

ECONOMIST: Stalemate | The

Monetary policy is the area in which clueless conservatives are the most clueless.

FORBES: Paul Ryan Brilliantly Evokes Clueless Conservatism

Other than monetary policy, no area of economic discussion is more confused than the one about government spending and budget deficits.

FORBES: Everything the Hysterics Tell You About Budget Deficits Is Wrong