The Issue of Monetary Independence

  • David T. Llewellyn
Part of the Problems in Economic Integration book series


One of the central issues under review has been the degree of monetary independence available to individual countries in a world of efficient international money markets. In fact there are two related issues to be considered: (1) the actual degree of monetary independence; and (2) whether monetary independence is in the final analysis a significant policy issue. If monetary independence does not confer on policy-makers an effective means of securing their policy objectives, the lack of independence is of only second-order importance.


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Copyright information

© David T. Llewellyn 1980

Authors and Affiliations

  • David T. Llewellyn
    • 1
  1. 1.Loughborough UniversityUK

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