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Currency Unions

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Originally published 2001
Authors Alberto Alesina
Editors Alberto Alesina
Robert Barro
Date of Reg.
Date of Upd.
ID2097481
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About Currency Unions


Currency Unions reviews the traditional case for flexible exchange rates and "countercyclical"—that is, expansionary during recessions and contractionary in booms—monetary policy, and shows how flexible exchange rate regimes can better insulate the economy from such real disturbances as terms-of-trade shocks. . . .

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