People felt the necessity to form a sustainable exchange medium, as in ancient Greece and medieval Europe. Those proto-unions didn't have the central monetary authority or monetary policy, although they worked surprisingly well in complex economies at the time.
THE HISTORY OF PREVIOUS CURRENCY UNIONS 2020
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- THE HISTORY OF PREVIOUS CURRENCY UNIONS 2020
- I. The History of Monetary Unions "Before long, all over Europe, save England, there will be...
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