Quora: “What are the benefits and drawbacks of a global currency?”

My answer: A common currency even just for a continent like Europe has a lot of downsides and few benefits. In theory, a common currency will increase trade between countries as it’s easier for individuals to do so without having to worry about exchange rates and changing money every time one travels abroad. Still, with … Continue reading Quora: “What are the benefits and drawbacks of a global currency?”