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Do Currency Regimes Matter in the 21st Century? An Overview

  • Fujiki, Hiroshi

    (Bank of Japan)

  • Otani, Akira

    (Bank of Japan)

This paper selectively reviews the recent literature on currency regimes in Europe, the Americas, and East Asia. We argue that, given the global interdependence among today's economies, currency regimes should always be evaluated in relation to monetary policy, fiscal policy, structural policies, and the working of financial markets. Thus, currency regimes do matter and are a relevant concern for policymakers.

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Article provided by Institute for Monetary and Economic Studies, Bank of Japan in its journal Monetary and Economic Studies.

Volume (Year): 20 (2002)
Issue (Month): S1 (December)
Pages: 47-79

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Handle: RePEc:ime:imemes:v:20:y:2002:i:s1:p:47-79
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