A supporting argument was that the euro, as a broader-based reserve currency than the DM would be
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‘A supporting argument was that the euro, as a broader-based reserve currency than the DM would be less likely to be driven artificially high on occasions.’
Explain this statement. How did it relate to the question of the likely future strength of the euro?
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Related Book For 
Monetary Economics Policy And Its Theoretical Basis
ISBN: 9780333792551
1st Edition
Authors: Keith Bain, Peter Howells
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