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Financial versus monetary mercantilism: Long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2007
modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long … the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary … mercantilism also lowers the cost of hoarding, but may be associated with negative externalities leading to competitive hoarding. …
Persistent link: https://www.econbiz.de/10010285324
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Financial versus monetary mercantilism-long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2006
modern version of monetary mercantilism - hoarding international reserves in order to improve competitiveness. From a long …-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades … disentangle the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary …
Persistent link: https://www.econbiz.de/10010322713
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The euro and its guardian of stability: The fiction and reality of the 10th anniversary blast
Bibow, Jörg - 2009
This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks, pushed off track by reckless policies pursued elsewhere. It argues instead that Europe had not only...
Persistent link: https://www.econbiz.de/10010281711
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Bretton Woods II and the emerging economies: Lazarus, Phoenix, or Humpty Dumpty?
Razmi, Arslan - 2009
Several studies have commented on the emergence of a new international monetary system in the post-Asian crisis years. The current international financial crisis has, however, put Bretton Woods II under considerable strain. This paper analyzes the sustainability of the precrisis order from an...
Persistent link: https://www.econbiz.de/10010287879
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How Germany's anti-Keynesianism has brought Europe to its knees
Bibow, Jörg - 2017
This paper investigates the (lack of any lasting) impact of John Maynard Keynes's General Theory on economic policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping policymaking in postwar (West) Germany. The paper argues that...
Persistent link: https://www.econbiz.de/10011784676
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The US-China "trade war": The war nobody can win
Yılmaz, Bahri - 2019
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two countries. As a first step, we will look at the trade relations between the two countries and explain why President Trump is eagerly following a protectionist trade policy toward China...
Persistent link: https://www.econbiz.de/10012388927