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Cooperating with Europe`s Monetary Union (Paperback)
Loot Price: R263
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Cooperating with Europe`s Monetary Union (Paperback)
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List price R305
Loot Price R263
Discovery Miles 2 630
You Save R42 (14%)
Expected to ship within 12 - 17 working days
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Europe's monetary union will represent the most profound
transformation of the international monetary system since the
transition from fixed to flexible exchange rates in the early
1970s. It will compete with the erosion of American dominance and
the dramatic increase in capital mobility for the distinction of
being the most far-reaching change in the global monetary system
since the Bretton Woods conference of 1944. Economic and Monetary
Union (EMU) will create in Europe a new monetary actor with an
economic size roughly comparable to the United States, ushering in
a new era in international monetary relations. Nonetheless, while
broad interests coincide, the creation of the monetary union will
pose challenges to American, Japanese, and other non-European
policymakers. Europe's monetary union could prove to be a difficult
partner in international monetary cooperation. Henning recommends
that European institutions and policy processes be strengthened,
representation of the monetary union in the G-7 be consolidated,
and that European, American, and Japanese authorities cooperate to
reduce instability during the transition to monetary union.
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