Comments on ‘Tracks Towards a Common Monetary Policy in Europe’ by Norbert Kloten
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When economists talk about establishing monetary unions they first discuss two theoretical models, namely the monetarist concept and the economistic concept, which means the alternatives of either first adjusting monetary policies of the countries wishing to unionise or to start by founding a central monetary institution.
KeywordsExchange Rate Monetary Policy European Central Bank Monetary Union Domestic Currency
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