Question: What is a currency board? Using Argentina as an example, explain how this arrangement can lead to financial crisis. The euro convergence criteria (also known

What is a currency board? Using Argentina as an example, explain how this arrangement can lead to financial crisis.

The euro convergence criteria (also known as the Maastricht criteria) are the criteria for European Union member states to enter the EMU and adopt the euro as their currency. Discuss these criteria and the economic rationale behind them.

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