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controversies over the contradictory ?laws of motion? of capitalism and the very nature of capitalist money in the wake of the …
Persistent link: https://www.econbiz.de/10009482274
The rapid increase in international capital flows is one of the most significant developments in the global economy in recent decades. International portfolio diversification brings potential benefits to investors by offering investors the opportunity to insulate their portfolios from domestic...
Persistent link: https://www.econbiz.de/10009482029
This paper focuses on the dynamics of international financial integration for a set of 13 industrial countries including Australia over the period 1990 to 2003 by analysing data on the level and composition of foreign assets and liabilities. The objective of the study is to provide insights into...
Persistent link: https://www.econbiz.de/10009482039
The world has entered a global recession that is causing widespread business contraction, increases in unemployment, and shrinking government revenues. The process for coping with the crisis by countries across the globe has been manifest in four basic phases. The first has been intervention to...
Persistent link: https://www.econbiz.de/10009482932
Includes descriptive metadata provided by producer in QuickTime movie file: "Politics, Economics and Social Issues - Video - Paul Volcker talks about the economic crisis." By Vanderbilt University. Paul A. Volcker, senior economic advisor to President Obama and former chairman of the Federal...
Persistent link: https://www.econbiz.de/10009431143
Introduction to the theory of international trade and finance with applications to current policy issues. From the course home page: Course Description The course will help us understand what determines the flow of goods across countries, i.e. international trade, and what determines the flow of...
Persistent link: https://www.econbiz.de/10009432089
The essential aim is to reconstruct the original Marx's original theory of money in order to assimilate more recent … theories of endogenous money and credit-creation. It will be argued that Marx's original commodity theory of money is quite … limited and historically specific to his own era. However, commodity money only represents a particular historical form of the …
Persistent link: https://www.econbiz.de/10009482257
Persistent link: https://www.econbiz.de/10009472251
money but it is the organising feature of modern economies, giving rise to both episodes of stability and crises. In … constructing this argument I consider both orthodox and heterodox points of view. We analyse equilibrium models of money, and find … that while money can exist in sequence economies with frictions, models of this type give no justification for its creation …
Persistent link: https://www.econbiz.de/10009465939
In July 1944, representatives of the Allied nations gathered in BrettonWoods, New Hampshire and signed an agreement to rebuild the internationalmonetary system. From 1946 until August 15, 1971, major currencies were fixed tothe US dollar, and the dollar was, at the same time, convertible to gold...
Persistent link: https://www.econbiz.de/10009467366