Good international monetary system
Explain criteria for the ‘good’ international monetary system.
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Good international monetary system must offer the following:
a) It should provide adequate liquidity to world economy,
b) It should offer smooth adjustments to the BOP disequilibrium as soon as it occurs,
c) Also provide the, safeguard against the confidence crisis within the system.
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What borrower must consider before issuing the dual currency bonds?
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