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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 scholarly debate on currency internationalization focuses on country characteristics and policies as the main determinants in currency competition. However, this literature has neglected the fact that, given the intertwined nature of the international monetary system, other countries'...
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