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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 …
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Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar …
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Since the end of World War II the dollar has played a double role, it has served as national currency of the US and as … key currency of the world economy. As world currency the dollar serves as "numeraire" for supranational flows and stocks … the world, but influence also the relative prices between commodities and manufactures, the terms of trade between …
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