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eebo-0080

Catechisms --- Theology, Doctrinal --- Society of Friends. --- Society of Friends.

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eebo-0018

Carriages and carts --- Great Britain --- London (England) --- History

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Monetary policy has become increasingly important in the countries of the Commonwealth of Independent States (CIS) as fiscal adjustment and structural reforms have taken root. Inflation has been brought down to relatively low levels in almost all of these countries, raising the question of what should be the appropriate nominal anchor at this stage. Formally, almost all CIS countries have floating exchange rate regimes, yet in practice they manage their exchange rates very heavily, perhaps because of high levels of dollarization (i.e., they suffer from "fear of floating"). This paper explores the issues underlying the choice of a nominal anchor in CIS countries and seeks to assess whether the present mixed regime will prove durable.

Foreign Exchange --- Inflation --- Money and Monetary Policy --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Monetary Policy --- Open Economy Macroeconomics --- Price Level --- Deflation --- Monetary economics --- Currency --- Foreign exchange --- Macroeconomics --- Exchange rates --- Inflation targeting --- Dollarization --- Currencies --- Prices --- Monetary policy --- Money --- United States

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Ready-reckoners --- Business -- Tables