Question 3(b)
[Maximum number: 15]
Using real-world examples, discuss whether a country would benefit from joining other countries in a monetary union.
IB Economics HL Monetary Union Evaluation Question Bank
Review IB Economics HL monetary union evaluation through joining a single currency, policy loss, exchange-rate stability and real-world cost-benefit judgement.
How this is tested
- outline disadvantages such as losing independent monetary or exchange-rate policy
- discuss whether access to markets and exchange-rate certainty outweigh sovereignty costs