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More Active Monetary and Exchange Rate Policies

  • Jörg Huffschmid

Abstract

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.

Keywords

Exchange Rate Interest Rate Monetary Policy Central Bank Exchange Rate Regime 
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References

  1. Arestis, P. and M. Sawyer, ‘Does the Stock of Money Have any Significance?’, Banco Nazionale del Lavoro, Vol. 56, No. 225 (2003) pp. 113–36.Google Scholar
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  3. Kato, T. ‘Financial Sector Reform and Capital Account Liberalization’, Address of Deputy Managing Director of the International Monetary Fund to the Beijing International Finance Forum, Beijing (19 May 2004).Google Scholar
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Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 2005

Authors and Affiliations

  • Jörg Huffschmid
    • 1
  1. 1.University of BremenGermany

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