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Central banks were not always as ubiquitous as they are today. Their functions were circumscribed, their mandates ambiguous, and their allegiances once divided. The inter-war period saw the establishment of twenty-eight new central banks - most in what are now called emerging markets and...
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As awareness of the process of globalization grows and the study of its effects becomes increasingly important to … doing exactly that and more. The first group of essays explores how the process of globalization can be measured in terms of … geography are both considered, along with the controversial issues of globalization's effects on inequality and social justice …
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policy making. As in recessions past, new policy initiatives emerged, approaches that placed greater importance on protecting … questions, Robert C. Feenstra and Alan M. Taylor have brought together top researchers with policy makers and practitioners … whose contributions consider the ways in which the global economic order might address the challenges of globalization that …
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"Using international data starting in 1957, we construct a sample of cases where fast-growing economies slow down. The evidence suggests that rapidly growing economies slow down significantly, in the sense that the growth rate downshifts by at least 2 percentage points, when their per capita...
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procyclicality and the stance of monetary policy do not matter as much. Household leverage also appears to explain some of the … financial liberalization. These findings suggest that unless countries implement substantially more policy change, global …
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