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International Currencies and National Monetary Policies

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  • Barry Eichengreen
  • 2006
  • 54
  • Occasional Paper
  • 1-56708-136-3
  • Monetary Policy
  • The paper argues that neither theory nor evidence supports the argument that if entities active in the economy, including but not limited to internationally active firms, use international currencies in domestic actions then it will be difficult for central banks to use domestic instruments to achieve monetary policy targets.

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