More Active Monetary and Exchange Rate Policies
This chapter, following from the critical evaluation of current policies in Chapter 3, proposes alternatives for monetary policy in terms of its objectives, its instruments and its institutional form. The possible effects of interest rates on exchange rates leads to a consideration of exchange rate policies, first between member countries of the EU and then between the euro and other currencies, notably the dollar.
KeywordsEurope Income Tral Volatility Kato
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