2min chapter

Forward Guidance cover image

A Masterclass In Central Banking | Professor Jane Knodell

Forward Guidance

CHAPTER

The International Monetary Stability Depends More on Cooperation Among the Central Banks

Dollar was a somewhat more stable system than the 1930s, but it not completely stable. International monetary stability depends less on currencies pegged to something real like gold and more on effective cooperation among the central banks. And so we need more of that kind of international cooperation on the monetary front and many other fronts.

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