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ABSTRACT. According to Fujiwara et al., reflecting recent economic developments in Japan, interest in how monetary policy should be conducted under low inflation. McCauley remarks that the central banks of Malaysia and Thailand have two main monetary policy goals: low inflation and stable exchange rates. Camen reasons that countries can only pursue two of the following three options: fixed exchange rates, domestic monetary autonomy and capital mobility.

 

DORIN DOBRISAN
 
 
 

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