Gjedrem on role and effects of monetary policy

SPEECH - In the speech 'Perspectives on the role and effects of monetary policy' Svein Gjedrem of Norges Bank said commodity-exporting countries tend to experience wide fluctuations in their exchange rate. Norway must be prepared, he said, for fluctuations in the value of the krona that are more in line with the fluctuations observed in other countries.

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Introduction by Norway's central bank Governor Svein

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