Comments on the Papers by Salvatore, Hamada, Capie, Fratianni et al., and Von Hagen and Fender

  • Paul De Grauwe


It is not easy to find a common theme in five papers that present a rich analysis of the international monetary system. Let me try though, by presenting a story of the main changes and challenges that we are likely to face in the future international monetary system. I will then use that story to make links with the five papers, thereby also demonstrating that I read the papers.


Monetary Policy Central Bank Domestic Firm Monetary Union Financial Instrument 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media New York 1998

Authors and Affiliations

  • Paul De Grauwe
    • 1
  1. 1.Catholic University of LouvainLeuvenBelgium

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