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Recently, the calls for closer monetary co-operation between the Asian NICs and Japan have been becoming louder. The … following article discusses the pros and cons of pegging to the yen and compares them with those of a basket peg. …
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The British Government's proposal to develop the ECU gradually into a "hard" European currency has begun to be viewed in a more positive light. What principles are at the heart of this proposal? Does a "hard" ECU have advantages over the existing ECU? What are its chances as a parallel currency?
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