Abstract
The time has come to begin contemplating a common currency for the industrialized democracies. This idea is much too radical to garner much political support in the near future, but it does offer a way to overcome a number of difficulties that these economies now face, and that are likely to become more, not less, serious in the coming years. So despite the novelty of the proposal, a common currency provides a focal point for analysis, one that may in turn suggest intermediate steps to accomplish some of the same results with less political commitment.
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© 1992 SIPI Srl, Rivista di Politica Economica
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Cooper, R.N. (1992). What Future for the International Monetary System?. In: Baldassarri, M., McCallum, J., Mundell, R. (eds) Global Disequilibrium in the World Economy. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22269-8_17
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