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International Money and Finance
Hallwood, Paul; MacDonald, Ronald - 2008
regimes have ended in failure; except for the first, which was ended by the outbreak of World War I, all of the others we … World War II the main problem was a shortage of monetary gold that we argue is implicated as a cause of the Great Depression …. After World War II, more particularly from the late-1960s, the main problem has been a surfeit of the main international …
Persistent link: https://www.econbiz.de/10009430175
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Die Bedeutung der hollowing-out Hypothese vor dem Hintergrund einer polit-ökonomischen Analyse der Wechselkursregimewahl
Pfeifer, Günther - 2005
Die hollowing-out Hypothese, auch bekannt unter den Bezeichnungen (two) corner solutions oder bipolar view, besagt, dass für Staaten mit weitgehend ungehindertem Kapitalverkehr nur Ecklösungen, also entweder extrem feste oder sehr flexible Wechselkursregime, langfristig tragbar sind. Mitte der...
Persistent link: https://www.econbiz.de/10009451145
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Degree of Openness and the Choice of Exchange Rate Regimes: A Re-Evaluation with Value-Added Based Openness Measures
Wang, Lars - 2005
The concept of trade openness is broadly applied as a potential predictor in numerous empirical studies, despite the fact that no commonly accepted approach of measuring openness has been developed. The most widely applied (‘traditional’) openness indices are not able to accurately calculate...
Persistent link: https://www.econbiz.de/10009451196
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Social Models, Growth and the International Monetary System: Implications for Europe and the United States
Costabile, Lilia; Scazzieri, Roberto - 2006
This paper explores the relationship between economic growth and the welfare state. We argue that: (i) the institutional constraints set by the international monetary system may be at least as effective determinants of growth differentials between countries as the different dimensions of their...
Persistent link: https://www.econbiz.de/10009468222
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Los swaps de divisas entre bancos centrales
Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J.
El dólar continúa desempeñando un papel central en el comercio y los mercados financieros internacionales. La dependencia de los mercados mayoristas de corto plazo (repos, papel comercial, certificados de depósito, swaps) para obtener financiación en dólares hace especialmente vulnerables...
Persistent link: https://www.econbiz.de/10012525194
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Central bank currency swap lines
Esteban García-Escudero, Enrique; Sánchez Pérez, Elisa J. - 2020
El dólar continúa desempeñando un papel central en el comercio y los mercados financieros internacionales. La dependencia de los mercados mayoristas de corto plazo (repos, papel comercial, certificados de depósito, swaps) para obtener financiación en dólares hace especialmente vulnerables...
Persistent link: https://www.econbiz.de/10012525197
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Trade and Capital Flows: A Financial Frictions Perspective
Caballero, Ricardo J.; Antras, Pol - 2007
in a world with heterogeneous financial development, the classic conclusion does not hold. In particular, in less …
Persistent link: https://www.econbiz.de/10009431898
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Can the Policy Trilemma Be Exposited in the Mundell-Fleming Framework?
Boyer, Russell S. - 2006
There is a general recognition that there are deficiencies in the Mundell-Fleming model. Nonetheless, Rose [2000] has stated that Mundell was the first to exposit the Policy Trilemma, which identifies an intrinsic incompatibility among: high capital mobility, fixed exchange rates, and monetary...
Persistent link: https://www.econbiz.de/10009440668
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Capital mobility and sudden stops: consequences and policy options
Auernheimer, Leonardo (contributor) - 2003
sudden stops to occur at date two and asks whether individuals in such a shock-prone world are still better off borrowing …
Persistent link: https://www.econbiz.de/10009465089
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Interorganizational dynamics in collaboration in university-industry research projects: context, politics and social construction
Zanko, Michael; Badham, Richard; Garrety, Karin H - 2005
University-industry partnerships (UIPs) are widely viewed as essential in leveraging research capability and economic performance in organizations and the nation as a whole. In Australia, as in many other countries, the national government commits significant funds to such ‘strategic’...
Persistent link: https://www.econbiz.de/10009457450