Policy Coordination in Europe
The world at large is presently faced with a unique combination of challenges. Perestroika and glasnost are questioning the concept of the East-West confrontation. The growth of trade is unsettling the GATT concept of the most-favoured-action approach. The debt problem of the less developed countries (LDCs) continues to upset the world financial order. Environmental issues, worldwide in their implications, assert themselves with vigour.
KeywordsMonetary Policy European Central Bank EUROPEAN EcONOMIC Community Current Account Deficit Policy Coordination
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