Comment on the following statement ''With monetary union, the era of protection for European firms and workers has come to an end.''...

Question

Comment on the following statement  ''With monetary union, the era of protection for European firms and workers has come to an end.''...

Accepted Answer

Wage flexibility is a substitute  albeit an imperfect one  for exchange rate flexibility  If exchang   ...

Comment on the following statement: ''With monetary union, the era