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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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small economy case) can be welfare worsening since tariff revenues are replaced by resource using queuing costs. On the … other hand, corruption can be welfare improving if queuing costs are replaced by resource transferring bribes. We also show …
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small economy case) can be welfare worsening since tariff revenues are replaced by resource using queuing costs. On the … other hand, corruption can be welfare improving if queuing costs are replaced by resource transferring bribes. We also show …
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