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monetary practices throughout the region. With case studies covering China, India, the Arabian Sea, the Red Sea, East Africa …1. Introduction: The Indian Ocean World Currency System -- 2. Major "International" Currencies of China and Japan: The …
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Asian policymakers are giving consideration to allowing their currencies to be used by non-residents. If policy allows this and a robust fixed income market provides support, the Australian experience indicates that a currency can internationalise fairly quickly, particularly if it offers a...
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