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institutional equilibrium in the world economy can be expected or whether many national equilibriums can coexist. …
Persistent link: https://www.econbiz.de/10010273170
The WTO Agreement on Government Procurement (GPA) is a plurilateral Agreement, meaning that it comprises only a subset of the full Membership of the WTO. Currently, a number of WTO Members that are not Parties to the Agreement either are actively seeking accession to it, have commitments to...
Persistent link: https://www.econbiz.de/10010326758
This paper examines the role of competition law and policy as tools for poverty reduction and development. The authors put forward five related principles, building upon the important work on related issues that has been done by the OECD, the International Competition Network (ICN), UNCTAD and...
Persistent link: https://www.econbiz.de/10010326814
This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the "fourth industrial revolution". The paper reviews experiences from the previous three industrial revolutions, developing a template...
Persistent link: https://www.econbiz.de/10012388832
Recent literature on international trade has established that the most productive firms become multinationals. But our data reveal a startling variation in productivity levels of foreign affiliates across the countries in Eastern Europe of the same European multinational parent firms suggesting...
Persistent link: https://www.econbiz.de/10010427605
Israel’s ongoing crisis – or ‘judicial coup’ in popular parlance – has elicited two opposite responses. The first comes from global rating agencies, economists and investment strategists who see Israel’s country risk rising. The opposite reaction, by Prime Minister Netanyahu and his...
Persistent link: https://www.econbiz.de/10014427480
recent opposite views on the appropriateness of a common world currency for this purpose. Referring to an adequately … formulated theory of world money, it is shown that there is presently no alternative to a flexible exchange rate system. This … system might, under specific conditions, gradually evolve into a world monetary system with a global currency. Developing …
Persistent link: https://www.econbiz.de/10010295490
it considers regional groupings as strategical coalitions with a deep impact on the future of the world economy. …
Persistent link: https://www.econbiz.de/10010295492
We develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In our exploration, we take a different and more nuanced approach than the previous indexes developed by Aizenman, Chinn, and Ito...
Persistent link: https://www.econbiz.de/10010397206
tax revenues being lost around the world each year - but reform efforts have thus far failed to deliver measurable …
Persistent link: https://www.econbiz.de/10012695526