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Discuss the future of the international monetary system.
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- Elaborate on the different reasons why African countries are not able to form a monetary union.How is it necessary for a nation with a fixed exchange rate and open financial markets to renounce its independence in terms of monetary policy?In Bretton Wood system, which of the following institutions cannot be included in the international financial and monetary system? a. GATT b. UNICEF c. WB d. IMF