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Exploring the concept of stability in monetary policy, this essay discusses the significance of a currency board in maintaining economic stability. Drawing on insights from a former German federal minister, it emphasizes that while stability may not encompass all aspects of economics, its absence renders other factors ineffective. The analysis is rooted in international monetary relations, highlighting the critical role of structured monetary frameworks in fostering economic resilience.
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Currency Boards - How a Currency Board Works, Raffaele Nostitz
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- Released
- 2009
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- (Paperback)
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