Occasional Paper
International Currencies and National Monetary Policies
Author(s): Eichengreen, Barry
Year: 2006
Pages: 54
ISBN: 1-56708-136-3
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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