Comments on the Papers by Salvatore, Hamada, Capie, Fratianni et al., and Von Hagen and Fender

  • Paul De Grauwe


It is not easy to find a common theme in five papers that present a rich analysis of the international monetary system. Let me try though, by presenting a story of the main changes and challenges that we are likely to face in the future international monetary system. I will then use that story to make links with the five papers, thereby also demonstrating that I read the papers.


Monetary Policy Central Bank Domestic Firm Monetary Union Financial Instrument 


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Copyright information

© Springer Science+Business Media New York 1998

Authors and Affiliations

  • Paul De Grauwe
    • 1
  1. 1.Catholic University of LouvainLeuvenBelgium

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