EMS: a model for a world monetary order? |
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Authors: | Peter Bofinger Christina Gerberding |
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Institution: | 1. Stuttgart, West Germany
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Abstract: | In the debate about the world monetary order there is agreement that greater stability in international currency relationships would be desirable. Could a system of fixed exchange rates between the currencies of the major industrial countries put an end to the present instability? What would be the advantages and weaknesses of such a system modelled on the EMS? |
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