international economic 5

  1. (1 point) What is an optimum currency area (or a common currency area)?
  2. (1 point) What are the ideal conditions for neighboring countries to form a common currency area?
  3. (1 point) Compare the Eurozone member nations with the 50 states of the United States from the aspect of the optimum currency area criteria.
  4. (1 point) Are the Eurozone member nations better than the 50 states of the United States in terms of the optimum currency area criteria?
  5. (1 point) Discuss the advantages of a common currency area.
  6. (1 point) Discuss the disadvantages of a common currency area.
  7. (1 point) What is a global imbalance?
  8. (1 point) Explain the co-dependency between the United States and other nations, especially with Asian nations.
  9. (2 points) Discuss how much longer the United States can continue to rely on the co-dependency, with emphasis on the potential danger of the co-dependency?