Is the EU an Optimum Currency Area

question 52

Essay

Is the EU an optimum currency area?
Why or why not?

---

Definitions:

Internal-External Scale

A psychological measure indicating the extent to which individuals attribute their successes or failures to internal factors (their own efforts) or to external factors (such as luck).

Nowicki-Strickland

A psychological assessment tool used to measure an individual's perceived locus of control.

Locus of Control

A psychological concept that refers to how strongly people believe they have control over the situations and experiences that affect their lives.

Locus of Control

A mental principle suggesting the level of conviction individuals possess regarding their ability to influence the circumstances and events impacting their existence.