Reisen, Helmut (contributor); Grandes, Martín (contributor) - 2005
acknowledge very valuable comments provided by Louka Katseli, Ulrich Hiemenz,
Kiichiro Fukasaku, Colm Foy, and Alexandra Trzeciak‐Duval. Special thanks go to our lead
discussant Nigel Pain (ECO) and other participants for comments provided in … and policy makers also need to adjust. Market forces alone cannot restructure the
productive base, raise investment in capacity building or reform institutions. The growing
influence of the global … of institutional investors raise the amplitudes of global credit cycles, creating volatility
and liquidity risks for the world economy. Third, Asia’s dollar peg and its rising official reserves
strengthen its role as a price setter in …