Anonymous asked in Social ScienceEconomics · 1 month ago

What will happen if the whole world use a single same currency with a totally same exchange rate?

Sort of like the Euro

But Euro is just used in parts of the Europe

What if the whole world is like this

2 Answers

  • Oiy
    Lv 5
    1 month ago

    Based on the optimum currency area theory, it will collapse within a day. The Euro can keep going, mainly because of Germany. But we don't know still for how long.

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  • Rick
    Lv 6
    1 month ago

    It would bankrupt the good countries .............................

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