Author: Ireneusz Kraś
Institution: Jan Dlugosz Academy of Częstochowa (Poland)
Year of publication: 2009
Source: Show
Pages: 248-253
DOI Address: http://dx.doi.org/10.15804/ppsy2009020
PDF: ppsy/38/ppsy200920.pdf

The processes of international integration have been noticed for years. The inconvenience with currency exchange has been perceived long ago by the representatives of classical economic thought – David Ricardo and the father of the common currency idea – J. Stuart Mill. He thought there is so much barbarism in many transactions in civilized countries that almost all independent states protect themselves by keeping their own currency. Although there is some inconvenience for those countries and their neighbours.

 

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