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functions of money. So-called stable coins are intended to bridge this gap, but whether they can be successfully scaled up and …
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functions of money. So-called stable coins are intended to bridge this gap, but whether they can be successfully scaled up and …
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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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