banche centrali e accordi monetari internazionali. (central banks and international monetary arrangements)
Abstract
The article reviews the short history of central banking from Bagehot on, drawing the main conclusions for the present-day situation. The author’s main focus is on international cooperation among central banks, and the main policy proposal is for the Federal Reserve to join the rest of the world by adding monetary holdings in some foreign currencies to the official reserves.
JEL: E42, E58, F33
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168824
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