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The launch of the euro reinforces the foundations for unprecedented economic integration encompassing 11 countries, 16 per cent of world GDP and 290 million people. For the first time, the OECD has studied the euro-area as a fully-fledged economic entity and has analysed the intensive...
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Less than two years after the start of the COVID-19 pandemic, Russia’s illegal, unprovoked and unjustifiable war of … have reacted to Russia’s aggression by providing military and humanitarian aid to Ukraine and by imposing economic … sanctions on Russia, which has accentuated supply chain disruptions, especially in the energy sector. A combination of these …
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This comparative table includes statistics on geographical distribution of financial flows with a focus on deflators comprising the effect of exchange rate changes which pertain both to resource flows for individual DAC Members as well as Total DAC deflator. Data are available from 1960 onwards.
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other shock-prone countries. This paper provides new evidence on these contentious issues, and discusses policy implications …
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The double blow of coronavirus (COVID-19) and the oil price shock is hitting oil-exporting developing countries …
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Policymakers often have a linear view of the world, where pulling the right levers will get the economy and society back on track after shocks and crises. This paper argues that such an approach ignores how systems interact and how their systemic properties shape this interaction, leading to an...
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