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for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
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Dieser Kurzbeitrag erläutert die politische Funktion wirtschaftlicher Zusammenarbeit in Krisenzeiten. Das Kernargument lautet: Wirtschaftliche Kooperation ist ein hohes Gut. Sie schafft wechselseitige Abhängigkeiten - und stiftet Gemeinsamkeiten. Das diszipliniert im Konflikt. Den Primat der...
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The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage is the liquidity management of these banks, specifically the regular flow of funds between parent banks and their affiliates in diverse foreign markets. We use the Great...
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