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Discussion of Iceland unilaterally adopting the euro without joining the EU has increased lately (Photo: Wikipedia)

Unilateral adoption of euro possible option for Iceland, says economist

Unilateral "euroisation" of Iceland's economy is possible without a loss of independence, but the country must choose between the krona and the euro soon, a prominent economist told the Icelandic Chamber of Commerce yesterday (13 February).

"Because of the exceptionally high degree of exchange rate pass-through into domestic prices and equally exceptional financial openness of Iceland, unilateral euroisation would not be sacrificing much effective monetary policy independence," Richard ...

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Discussion of Iceland unilaterally adopting the euro without joining the EU has increased lately (Photo: Wikipedia)

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