It is a theory in economics that says which regions or countries in the world should share the same currency. This theory helps when a country is thinking of joining a currency zone (joining the euro zone in Europe, for instance).
Type your answer here... distinguish between top down and bottom up planning strategy
In 1999, the recipient of the Nobel Prize in Economic Science was Robert Mundell. He won this award for his ground-breaking research in the areas of optimum currency areas and monetary dynamics.
There is no limitation for polulation Optimum population means the total population that a country should have considering its resources. Given the natural and capital resources and the state of technical knowledge, a country should have certain size of population to utilize the resources. Optimum population is that population which secures the maximum real income per head.
The interior optimum method uses an a choice that is determined by the position of an agent at a tangency that rests between the curves of two points on a graph. The boundary optimum method analyzes the position of waves.
The international fisher effect states that the interest rates in any one country will drive its inflation and hence devalue its currency against another country It is a combination of the Interest Rate Party Theory (IRPT) and Purchasing Power Parity Theory (PPPT). It is an economic theory that states the difference in the value of 2 currencies is approximately equal to the difference in the nominal rates of interest for that time Rational - higher interest rates causes higher inflation and hence depreciation of currency
Dr.Cannan given optimum theory of population
Waltraud Schelkle has written: 'The optimum currency area approach to European monetary integration'
malthusian theory-it is general theory of population.optimum theory- it is a scientific theory of population.malthusian theoryit is static in nature.optimum theoryit is dynamic in nature
D. A. Snider has written: 'Optimum adjustment processes and currency areas'
This Theory has been discussed in Public Finance under Dalton's principle of 'Maximum Social Advantage'. Optimum allocation of resources is that point where maximum marginal sacrifice of people is equal to maximum marginal benefits.
optimum population is the population which allows equal distribution of goods and services among the people of a region or country by considering environmental and social values.
The area of Currency Creek Arboretum is 320,000.0 square meters.
The business area of Optimum Cablevision is providing television and telecoms services to customers. They provide service for those in New York, New Jersey, Connecticut and Pennsylvania.
771, in LA area!
Type your answer here... distinguish between top down and bottom up planning strategy
Chau-nan Chen has written: 'Flexible bimetallic exchange rates and optimum currency areas'
Area: 9,596,961 sq km Capital City: Beijing Currency: Renminbi