New Zealand should form a currency union with Australia

A currency union can be entitled to could produce productivity margin as well as productivity gains. It is the concept of sharing the single currency by a group of countries to get some benefits in the area of exchange rate mechanism whether it will be useful to reduce transaction cost, cost of deviation between currencies, favorable market for the exporter or importer. On the other hand, it is the matter of threat for the individual monetary policy or the use of fiscal policy by own country.

The first myth is that dollarized using Australian dollar, there would be the matter of strategies that must be employed as well as applied …

The Politics of Post Brexit Europe

The United Kingdom withdrew from the European Union. The date was set for January 31. According to him, the European Union has severed ties with the United Kingdom. In the end, that’s what happened.

Even at the last minute, two approvals were needed. The first was on January 24, 2020, when the heads of the European Commission and the European Council finalized the Brexit agreement. Earlier in the day, a majority of members of the EU parliament voted in favor of the agreement. The last step was taken on 29 January when members of the EU Parliament formally ratified the agreement. As a result, the 47-year relationship came to an end. The UK will …