Showing 1 - 9 of 9
In a series of summits, leading countries of the world will meet to draw up an international arrangement for financial …
Persistent link: https://www.econbiz.de/10003773194
This paper analyzes how international rules are established and stabilized, i.e. how an international institutional order develops. Rules emerge mainly through learning from negative experience and serve to reduce transaction costs. The paper looks at mechanisms that stabilize rule systems, at...
Persistent link: https://www.econbiz.de/10003584592
This paper studies the concept of an international economic order, i.e. an institutional arrangement of international rules. Such rules emerge from negative experiences historical disasters - that inflict severe hardship on people. A taxonomy for rules reducing transaction costs is developed,...
Persistent link: https://www.econbiz.de/10003605546
The paper looks at the global environment as a public good and as a sink for CO2-emissions. It discusses problems to be solved in institutional arrangements to protect global environmental media and looks at criteria for allocating the costs of emission reduction and emission rights. It analyzes...
Persistent link: https://www.econbiz.de/10003711936
countries as well as the world economy benefit from factor flows. They also define whether factors are accumulated, for instance …
Persistent link: https://www.econbiz.de/10003550450
world economy. …Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP … of the IMF in light of the past experience in preventing currency crises and a systemic breakdown of the world …
Persistent link: https://www.econbiz.de/10003628654
institutional equilibrium in the world economy can be expected or whether many national equilibriums can coexist. …
Persistent link: https://www.econbiz.de/10003176643
effects for third countries, and discusses how TAFTA fits into the WTO institutional rule system for the world economy and how …
Persistent link: https://www.econbiz.de/10002880738
This paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are...
Persistent link: https://www.econbiz.de/10003360582