Şebnem Kalemli-Özcan sees the eurozone as a cautionary tale for anyone hoping for world monetary convergence.
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Economics
Jul 16, 2026
Şebnem Kalemli-Özcan
Debates about geopolitical fragmentation always revive the late economist Robert Mundell’s dream of a single world money. But participants should be mindful of the euro’s real-world experience over the past quarter-century.
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