Chinn, Menzie David (contributor); … - 2006
(most of them in
Central Europe) were also to join EMU, the new monetary region would be larger than the
US economy. If … future, is
critical.
33
The monetary authorities in Japan, Germany and Switzerland, in the 1970s
established a better … confidence that the value of the currency
will be stable, and particularly that it will not be monetized or inflated away in the …