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Persistent link: https://www.econbiz.de/10001070596
This paper studies a two-country monetary system where one country sets its money stock, but gives up control of the exchange rate, and the other country gives up control of its own money stock, but can set the exchange rate independently. Cournot-Nash equilibria under managed rates differ...
Persistent link: https://www.econbiz.de/10005195386