Conducting monetary policy and issuing a single currency
Problem: A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. What would the advantages and disadvantages of such a system be?
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Discuss the advantages and disadvantages of having one world currency.
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A possible international monetary regime consists of a world central bank conducting monetary policy and issuing a single currency used throughout the world. What would the advantages and disadvantages of such a system be?
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