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During the decade since 1973, the U.S. economy has become increasingly interdependent with the newly industrializing countries (NICs) among the developing countries. These countries have had high investment ratios to GNP, financed mainly by domestic saving, but also partly by foreign borrowing....
Persistent link: https://www.econbiz.de/10012477813
antidumping actions against China from developed and developing countries, US and EU to compare their different effects. We find … industry reactions to antidumping actions by the US and EU are the same as for other developed countries, but the effects of US … actions are larger. US antidumping actions have more impact than EU's on firm numbers, employees and exports, and EU …
Persistent link: https://www.econbiz.de/10012462211
This study grounds the establishment of EMU and the euro in the context of the history of international monetary cooperation and of monetary unions, above all in the U.S., Germany and Italy. The purpose of national monetary unions was to reduce transactions costs of multiple currencies and...
Persistent link: https://www.econbiz.de/10012464832
In this paper I analyze the nature of external adjustments in current account surplus countries. I ask whether a realignment of world growth rates -- with Japan and Europe growing faster, and the U.S. growing more slowly -- is likely to solve the current situation of global imbalances. The main...
Persistent link: https://www.econbiz.de/10012465752
Persistent link: https://www.econbiz.de/10013480835