Otero-Iglesias, Miguel; Zhang, Ming - In: The World Economy 37 (2014) 1, pp. 151-168
type="main" xml:id="twec12131-abs-0001" <title type="main">Abstract</title> <p>The global financial crisis has shown that the current international monetary system (IMS) suffers from an inherent flaw: it depends on US current account deficits for the provision of global liquidity. Under this arrangement, peripheral countries...</p>