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How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the …
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components for a large data set comprising the U.S., the EU-27 area, and the respective rest of the world. Credit risk conditions …
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Different export-pricing currency paradigms have different implications for a host of issues that are critical for policymakers such as business cycle co-movement, optimal monetary policy, optimum currency areas and international monetary policy co-ordination. Unfortunately, the literature has...
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