How to Cross the Street in Saigon Traffic Peru Shutterstock/Oliver Foerstner Peru beckons with award-winning cuisine, world-famous archeological sites, and, this year, a favorable exchange rate. The exchange rate is forecasted to increase slightly in Peru for 2019; however, the country’s currenc...
Mundell’s (1973) new view on OCA with international risk sharing explained how exchange rate uncertainty will interfere with the economy. The new view assumes that once a currency is well managed, larger currency areas will be preferred as opposed to smaller ones. In contrast to the old view...