International monetary policy co-ordination: some lessons from the literature

Quarterly Bulletin 1996 Q4
Published on 01 December 1996

By Charles Nolan and Eric Schaling of the Bank’s Monetary Assessment and Strategy Division.

This article provides a brief survey of the academic literature on monetary policy co-ordination. Particular attention is given to identifying any guidance it may offer on how best to arrange the nominal framework between EU countries in the run up to, and following, EMU.

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