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, significant number of central banks in the world tended to place part of the foreign exchange reserves into fixed income …
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The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …
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The Bretton Woods international financial system, which was in place from roughly 1949 to 1973, is the most significant modern policy experiment to attempt to simultaneously manage international payments, international capital flows, and international currency values. This paper uses an...
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long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …
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