Re: What are the dis/advantages of adopting another currency?

"2.7182818284590..." <tangent1.57@[EMAIL PROTECTED]
> wrote in message 
news:2934c159-6579-4223-b7b2-a9c2326171d3@[EMAIL PROTECTED]
> What are the implications of Canada adopting America's currency?  What
> would be the advantages and disadvantages of this?
>
> If Europe is adopting a single currency, why can't the N. Americans
> adopt the USD?


Advantages:

You save on the cost of changing money.

Trade is less risky.

Disadvantage - you lose control over monetary policy.