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International Monetary Systems
2011UP TO THIS point, we have examined only closed monetary economies—economies that operate entirely in isolation with a single fiat money. Trade and financial links between countries are increasingly important in the modern world, raising the importance of monetary links. Therefore, in this chapter,we examine the role of money in economies that encompass
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Monetary Interdependence Within the European Monetary System
1985The large fluctuations of the dollar in the European exchange markets led to the creation of the European Monetary System (EMS) in 1979. The major objective of this system was to reduce the exchange rate volatility within Europe, without, however, returning to immutably fixed exchange rates.
Paul De Grauwe +2 more
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Journal of the American Statistical Association, 1927
Robert Warren, Bertrand Nogaro
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Robert Warren, Bertrand Nogaro
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Monetary Systems and the International Monetary System: Evolution and Reform
2018The drastic changes in the international monetary system over the past 100 or so years present a history filled with turbulence and breathtaking excitement. The United Kingdom’s pound sterling was the primary reserve currency for much of the world in the 19th century.
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