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This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...
Persistent link: https://www.econbiz.de/10013125958
financial centers at the end of the 1920s figured importantly in the decline in foreign lending. We draw parallels with Europe …
Persistent link: https://www.econbiz.de/10013073942
The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy … that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and … role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid …
Persistent link: https://www.econbiz.de/10013245112
Persistent link: https://www.econbiz.de/10012241477
Persistent link: https://www.econbiz.de/10011919318
The post-World War II reconstruction of Western Europe was one of the greatest economic policy and foreign policy … that transferred some $13 billion to Europe in the years 1948-51. We examine the economic effects of the Marshall Plan, and … role in setting the stage for post-World War II Western Europe's rapid growth. The conditions attached to Marshall Plan aid …
Persistent link: https://www.econbiz.de/10012475088
This paper documents the effects of exchange rates and the external constraint during the interwar years. In the absence of international policy coordination, exchange rate depreciation is shown to have been a necessary precondition for the adoption of policies promoting recovery from the Great...
Persistent link: https://www.econbiz.de/10012475621
financial centers at the end of the 1920s figured importantly in the decline in foreign lending. We draw parallels with Europe …
Persistent link: https://www.econbiz.de/10012459081
The paper offers some reflections on the convergence of productivity in the United States and Europe, which essentially … further challenges for Europe. Without additional reform of European labor markets, financial markets, and university systems …
Persistent link: https://www.econbiz.de/10014071640
Persistent link: https://www.econbiz.de/10010677833