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A Long Term Perspective on the Euro
Bordo, Michael D. - 2008
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/10012772728
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Populism and the Economics of Globalization
Rodrik, Dani - 2017
history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would … populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these … different reactions are related to the relative salience of different types of globalization shocks …
Persistent link: https://www.econbiz.de/10012952507
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Technology, Unemployment, and Relative Wages in a Global Economy
Davis, Donald R. - 2021
the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been …
Persistent link: https://www.econbiz.de/10013226172
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Human Capital, Unemployment, and Relative Wages in a Global Economy
Davis, Donald R.; Reeve, Trevor A. - 2021
global economy. It builds on the models of Davis (1997a, b) of trade between a flexible wage America and a rigid wage Europe …
Persistent link: https://www.econbiz.de/10013235283
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Inequality and Schooling Responses to Globalization Forces : Lessons from History
Williamson, Jeffrey G. - 2014
primary schooling and literacy revolution in Europe. Under what conditions would we expect the same responses to globalization … abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in …
Persistent link: https://www.econbiz.de/10012752104
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Organizing the Global Value Chain
Antras, Pol - 2012
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
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Global Supply Chains and Wage Inequality
Costinot, Arnaud - 2012
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different … top of these chains. This suggests that the consequences of globalization on wage inequality may be very different in …
Persistent link: https://www.econbiz.de/10013107972
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The Rise of Middle Kingdoms : Emerging Economies in Global Trade
Hanson, Gordon H. - 2012
In this paper, I examine changes in international trade associated with the integration of low- and middle-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled between 1994 and 2008. One feature of new trade...
Persistent link: https://www.econbiz.de/10013108243
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Global Macroeconomic and Financial Supervision : Where Next?
Goodhart, Charles - 2013
The overriding practical problem now is the tension between the global financial and market system and the national political and power structures. The main analytical short-coming lies in the failure to incorporate financial frictions, especially default, into our macro-economic models. Neither...
Persistent link: https://www.econbiz.de/10013091914
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Specialization : Pro- and Anti-Globalizing, 1990-2002
Anderson, James E. - 2014
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
Persistent link: https://www.econbiz.de/10013069388