The central banks of monetary unions face the risk that the poor financial condition of some of their members may cause the collapse of their currency.

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This is because monetary unions typically have a shared currency, which means that the financial health of its members can impact the stability of the currency. If one member is struggling economically, it could lead to a loss of confidence in the currency and cause its value to drop, potentially leading to the collapse of the currency.

The Central Banks of Monetary Unions Face the Risk That