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organize: World War I, Bretton Woods, 1970s Great Inflation and Managed Floating. Each turning point was characterized by …
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The evolution of the IMS and IFS in the past several hundred years can be viewed through the lens of the Copernican heliocentric system developed over 500 years ago. We trace out the evolution across regimes of the IMS and IFS in terms of network representations of the Copernican system. We...
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International currencies fulfill different roles in the world economy with important synergies across those roles. We …
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long. As financial globalization accelerated its pace, the US transformed itself from a World Banker into a World Venture …
Persistent link: https://www.econbiz.de/10012467115
permanent increase in domestic consumption for the typical emerging economy. This is negligible relative to the potential …
Persistent link: https://www.econbiz.de/10012469014
In this paper we reconsider the international market integration, starting at high levels in the late nineteenth century, collapsing between the wars, and recovering gradually after 1945 to reach levels comparable to pre-1914 in the 1990's. The empirical evidence we survey suggests that in some...
Persistent link: https://www.econbiz.de/10012472076