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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of its double … monetary system, in which all the countries have a decision weight. In particular, I think that globalization and …
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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar … monetary system of block regional currencies. Globalization and regionalization should be the two forces leading towards the …
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The euro is the second most important global currency after the US dollar. However, its international role has not increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial market for US dollar-denominated assets is larger...
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