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150128 ||| eng |
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|a 9781451847826
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100 |
1 |
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|a Masson, Paul
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245 |
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0 |
|a Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU
|c Paul Masson, Bart Turtelboom
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1997
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300 |
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|a 37 pages
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651 |
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4 |
|a United States
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653 |
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|a Inflation
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653 |
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|a Government and the Monetary System
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653 |
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|a Payment Systems
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653 |
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|a International Monetary Arrangements and Institutions
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653 |
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|a Macroeconomic Aspects of International Trade and Finance: Forecasting and Simulation
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653 |
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|a Economic integration
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653 |
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|a Regimes
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653 |
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|a Monetary economics
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653 |
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|a Inflation targeting
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653 |
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|a Deflation
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653 |
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|a Financial Aspects of Economic Integration
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653 |
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|a Open Economy Macroeconomics
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653 |
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|a Currency
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653 |
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|a Exports and Imports
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653 |
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|a International economics
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653 |
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|a Money
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653 |
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|a Price Level
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653 |
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|a Foreign Exchange
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653 |
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|a Standards
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653 |
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|a International Policy Coordination and Transmission
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653 |
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|a Currencies
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653 |
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|a Monetary Systems
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653 |
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|a Prices
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653 |
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|a Macroeconomics
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653 |
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|a Monetary policy
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653 |
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|a Exchange rates
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653 |
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|a Monetary unions
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653 |
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|a Monetary Policy
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653 |
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|a Money and Monetary Policy
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653 |
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|a Foreign exchange
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700 |
1 |
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|a Turtelboom, Bart
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041 |
0 |
7 |
|a eng
|2 ISO 639-2
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989 |
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|b IMF
|a International Monetary Fund
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490 |
0 |
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|a IMF Working Papers
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028 |
5 |
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|a 10.5089/9781451847826.001
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/001/1997/058/001.1997.issue-058-en.xml?cid=2227-com-dsp-marc
|x Verlag
|3 Volltext
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082 |
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|a 330
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520 |
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|a The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy framework is yet to be decided, but is likely to involve either money or inflation targeting. Stochastic simulations compare the outcomes for major macroeconomic and financial variables pre- and post-EMU under both policy rules, as well as under an inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the expected returns and covariances among reserve currencies. The role of the exchange rate as an indicator and incentives for policy coordination with other major countries are also discussed
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