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Convergence (economics)

From Citizendium - Reading time: 1 min

Convergence (economics) [r]: The characteristic of a currency union that ensures that the economies of its member countries will respond similarly to an external economic shock: or an approach to that condition. [e]

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Licensed under CC BY-SA 3.0 | Source: https://citizendium.org/wiki/Convergence_(economics)
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