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Since the 1970s the interdependence of the world economy has grown to an unprecedented extent. This has led to some academics to argue that exchange rate systems do not fit changing macroeconomic circumstances anymore. (Frieden,2015)

Critically discuss this statement and develop your analysis to consider the impact of European Monetary Union (EMU). Consider If the EMU has a positive or negative impact on trade or how individual EU countries’ macroeconomic policy can affect EMU? (the rest of the topic)

Please make sure that GCU harvard referencing is used. Link provided below:

Please make sure that more than 6 sources have been used.

Files below give more information about the topic and the format.

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