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In the beginning of 1972 Pakistan broke with the Commonwealth after an association of nearly 25 years. Apart from the …
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The impact of migrant workers' remittances on economic activity in their home countries was long overshadowed by the … remittances but also the way in which they are used that is of crucial significance for the economies of the migrants' home … countries. This article estimates the contribution that such remittances made to GDP, private consumption expenditure, saving …
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The current sovereign debt crisis is widely believed to have been caused by insufficient budget discipline. However, the financial sector accounts reveal that public as well as private borrowing in the euro area was dwarfed by the synchronised explosion of assets and liabilities of financial...
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The long-held truism that finance is always good for growth has been called into question by the global financial crisis. This article examines new evidence on the finance-growth nexus from a European perspective. More specifically, it compares the approach of many CESEE countries - i.e....
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