A target zone system will work only if there is coordination of economic policies among country participants.

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“A target zone system will work only if there is coordination of economic policies among country participants. On the other hand, if this effective coordination of monetary and fiscal policy exists among the members, there is no need for a target zone system!” What is the logic behind this statement?
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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