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deficit involves risks to growth in the rest of the world, particularly in Japan where the authorities have limited room to …
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reduce their investment. This is the "Loanable Funds" theory. Ben Bernanke's "Global Saving Glut" thesis is based on this …, sondern erlauben erst dem Rest der Welt, überhaupt Ersparnis zu bilden. …
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-country world economy. This allows an analysis of the differential impact of a reversal of the US current account on Europe and Asia …
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