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In this book, experts in international economics analyze the synchronization of business cycles and their volatility. Based on this, they discuss the need and feasibility of internationally coordinating monetary, fiscal, and exchange rate policies
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Credibility and the international monetary regime : theoretical and historical perspectives / Michael D. Bordo and Ronald MacDonald -- Credibility and fundamentals : were the classical and inter-war gold standards well-behaved target zones? / Paul Hallwood, Ronald MacDonald, and Ian Marsh --...
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