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The present global monetary regime is based on floating among the major advanced countries. A key underlying factor behind the present regime is credibility to maintain stable monetary policies. The origin of credibility in monetary regimes goes back to the pre-1914 classical gold standard. In that regime, adherence by central banks to the rule of convertibility of

Title : Credibility and the International Monetary Regime
Author : Michael D. Bordo
Language : en
Rating :
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Type : PDF, ePub, Kindle
Uploaded : Apr 03, 2021

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