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Volume 6  Number 1  •  Summer 2001
Other Issues:  

Money, Central Banking, and Monetary Policy in the Global Financial Arena
By Jerry L. Jordan
This article appeared in the Summer 2001 issue of The Independent Review

A key feature of high-quality money is that it allows prices to accurately reflect the relative costs of goods and services. The best prospect for maintaining sound, high-quality money in today’s global context is currency competition between public and private issuers.