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Collateral plays a central role in monetary policy. In recent years, its importance has increased as uncollateralised … collateral availability and the need for high-quality assets. The European Central Bank has reacted to this development by … creating a series of different measures to broaden collateral availability, including changing the eligibility rules (e …
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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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