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Journal of Economic Integration 2003 June;18(2) :406-419.
A Structural Case for International Cooperation

Amelia CorreaRomar Correa 

University of Mumbai
Copyright ©2003 Journal of Economic Integration
We recommend a Bretton Woods system along structural lines. A key component of the case is the substitution of the money transmission mechanism by the credit transmission mechanism. We suggest that the real exchange rate be the variable of cooperation between countries that are free to set interest rates to pursue domestic policy objectives. JEL Classifications: E12, F41, F42
Keywords: B
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