Re: What are the dis/advantages of adopting another currency?
- From: "Andy F." <never.mind@xxxxxxxxx>
- Date: Thu, 20 Mar 2008 12:16:02 -0000
"2.7182818284590..." <tangent1.57@xxxxxxxxx> wrote in message
news:2934c159-6579-4223-b7b2-a9c2326171d3@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
What are the implications of Canada adopting America's currency? What
would be the advantages and disadvantages of this?
If Europe is adopting a single currency, why can't the N. Americans
adopt the USD?
Advantages:
You save on the cost of changing money.
Trade is less risky.
Disadvantage - you lose control over monetary policy.
.
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