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I provide a structured comparison of the nineteenth-century classical gold standard and the Euro, basing my analysis heavily on recent research. Both similarities and differences are evident in the historical record. Both regimes were vaunted as engines of convergence, but in both cases...
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international capital markets on normal terms. Moreover, the world financial system has been disrupted by the prospect of widespread …
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At the close of the Second World War, when industrialized nations faced serious trade and financial imbalances … exchange rate for today's world …
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