Monetary Interdependence among Major European Countries

  • Paul De Grauwe


Two problems of the international monetary system have received widespread attention in the literature during the last decade. They are first the potential instability of the Bretton Woods system, which revealed itself at the end of the sixties and, second, the low efficacy of national monetary policies in an interdependent world.


Exchange Rate Monetary Policy Monetary Authority International Reserve Monetary Base 


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© Graduate School of Business, University of Chicago 1977

Authors and Affiliations

  • Paul De Grauwe

There are no affiliations available

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