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favorable nor unfavorable implication for world trade; instead the balance of trade-creating and trade-diverting effects …
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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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favorable nor unfavorable implication for world trade; instead the balance of trade-creating and trade-diverting effects …
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