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State Montevideo Convention
Montevideo Convention states: "The political existence of the state is independent of recognition by other States. Even before recognition the state has the right to defend its integrity and independence- and to organize itself as it sees fit. The exercise of these rights has no other limitation than the exercise of the rights of other states according to international law".
Determine the expansionary monetary policy The possible spillover effects associated with expansionary monetary policy. In particular with fixed exchange rates expansionary mon
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