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account deficit, currently running at nearly 6% of GDP, the potential collapse of the dollar becomes considerably larger (more … help in mitigating the dollar decline that will almost inevitably occur in the wake of global current account adjustment … current account shifts depend mainly on the flexibility and global integration of goods and factor markets. Whereas the dollar …
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Despite an abundance of cross-section, panel, and event studies, there is strikingly little convincing documentation of direct positive impacts of financial opening on the economic welfare levels or growth rates of developing countries. The econometric difficulties are similar to those that...
Persistent link: https://www.econbiz.de/10012757922
Despite an abundance of cross-section, panel, and event studies, there is strikingly little convincing documentation of direct positive impacts of financial opening on the economic welfare levels or growth rates of developing countries. The econometric difficulties are similar to those that...
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