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Financial versus monetary mercantilism: Long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2007
modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long … the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary … mercantilism also lowers the cost of hoarding, but may be associated with negative externalities leading to competitive hoarding. …
Persistent link: https://www.econbiz.de/10010285324
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Financial versus monetary mercantilism-long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2006
modern version of monetary mercantilism - hoarding international reserves in order to improve competitiveness. From a long …-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades … disentangle the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary …
Persistent link: https://www.econbiz.de/10010322713
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Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and Money (1936)
Vasilev, Aleksandar; Maksumov, Rashid - 2010
Critical analysis of Chapter 23 of Keynes’s Notes on Mercantilism in The General Theory of Employment, Interest and …
Persistent link: https://www.econbiz.de/10011611152
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Labor unions, globalization, and mercantilism
Grieben, Wolf-Heimo; Sener, Fuat - 2009
We analyze the growth and welfare effects of globalization in a dynamic Schumpeterian North-South product-cycle model. Economic growth is driven by R&D activities of Northern entrepreneurs. Top Northern production technologies are imitated by the South. In the North, there is wage bargaining...
Persistent link: https://www.econbiz.de/10010265999
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The euro and its guardian of stability: The fiction and reality of the 10th anniversary blast
Bibow, Jörg - 2009
This paper investigates why Europe fared particularly poorly in the global economic crisis that began in August 2007. It questions the self-portrait of Europe as the victim of external shocks, pushed off track by reckless policies pursued elsewhere. It argues instead that Europe had not only...
Persistent link: https://www.econbiz.de/10010281711
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Bretton Woods II and the emerging economies: Lazarus, Phoenix, or Humpty Dumpty?
Razmi, Arslan - 2009
Several studies have commented on the emergence of a new international monetary system in the post-Asian crisis years. The current international financial crisis has, however, put Bretton Woods II under considerable strain. This paper analyzes the sustainability of the precrisis order from an...
Persistent link: https://www.econbiz.de/10010287879
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Romania Foreign Trade in Global Recession, Revealed by the Extended Method of Exchange Rate Indicators
Săvoiu, Gheorghe; Dinu, Vasile; Tăchiciu, Laurenţiu - In: Amfiteatru Economic Journal 14 (2012) 31, pp. 173-194
In this article the authors propose an extended method for assessing foreign trade, which is capitalized on in the analysis of foreign trade/external marketing, under the influence of two of the most difficult recession of the Romanian economy, placed in the last interwar decade and in the first...
Persistent link: https://www.econbiz.de/10011724777
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The protectionist's progress
Dadush, Uri - 2017
President Trump's actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...
Persistent link: https://www.econbiz.de/10011774869
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How Germany's anti-Keynesianism has brought Europe to its knees
Bibow, Jörg - 2017
This paper investigates the (lack of any lasting) impact of John Maynard Keynes's General Theory on economic policymaking in Germany. The analysis highlights the interplay between economic history and the history of ideas in shaping policymaking in postwar (West) Germany. The paper argues that...
Persistent link: https://www.econbiz.de/10011784676
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The protectionist's progress: Year 1
Dadush, Uri - In: Economics: The Open-Access, Open-Assessment E-Journal 12 (2018) 2018-6, pp. 1-11
President Trump's actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...
Persistent link: https://www.econbiz.de/10011789911