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A tripolar international monetary system-centered on the U.S. dollar, the deutsche mark, and the yen - appears to be emerging. This paper not only assesses the role of the yen as an international currency but also presents a unified theory of international currency use and distinguishes between...
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This paper discusses instruments and operating procedures of the conduct of monetary policy in the major industrial countries. The exchange rate mechanism of the European Monetary System (EMS) provides clear evidence of the role of exchange rates in influencing monetary policy; the commitment of...
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, demographics, spillovers, and various policy proposals are accompanied by case studies focusing on Japan, South Korea, China, India …"Economic growth, inflation, and interest rates have declined in Asia. Sustaining Economic Growth in Asia explores the … stagnation and Asia : international transmission and policy spillovers -- Japanese lessons from the past 30 years -- Japan …
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