Explain what is meant by an Optimal Currency

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......The support for optimal currency area theory and the pointers for which circumstances make a country or region suited for independent monetary policy were originally from the Keynesian tradition for the industrialized countries of the middle of the twentieth century (Goldberg, 1999)
Usually, the OCA system presents a group of circumstances by which a region or country has the greatest opportunity of benefiting from owning an autonomous currency with an adjustable exchange rate. Exchange rates are used to adjust the comparative price of two countries goods either for output stabilization or for loosening domestic macroeconomic policies from a balance of payments constraint......

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