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Monetary Interdependence and Coordination

Kathryn Dominguez

Working Papers from Research Seminar in International Economics, University of Michigan

Abstract: This paper examines the interdependence and coordination of monetary and exchange rate policies among the G-3 countries over the period 1977 through 1993. The results in the paper suggest that the international monetary transmission mechanism is important, and that, among the G-3, US policies are the most influential. Further, it suggests that the G-3 generally honor international monetary policy commitments, although in the case of Germany the commitments seem to have coincided with domestic policy objectives.

Keywords: MONETARY POLICY; EXCHANGE RATE (search for similar items in EconPapers)
JEL-codes: G10 G15 (search for similar items in EconPapers)
Pages: 60 pages
Date: 1997
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:mie:wpaper:408

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