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This work is aiming primarily at discussing the thesis that the search for new currency systems in World Economy is not … developing countries and Economy of Turkey will be focused on. Considering that the world trade volume and movements of currency … foundations such as IMF, World Bank, Unido, OECD and UNCTAD. For instance, we have to opportunity to explain, why in spite of its …
Persistent link: https://www.econbiz.de/10013095438
Following an analysis of the forces behind the global capital flows paradoxʺ observed in the era of advancing financial globalization, this paper sets out to investigate the opportunity costs of self-insurance through precautionary reserve holdings. We reject the idea of reserves as low-cost...
Persistent link: https://www.econbiz.de/10003807715
Since their inception at the end of the Second World War, the sister organizations of the World Bank and the …
Persistent link: https://www.econbiz.de/10012728442
This paper examines the role of IMF-supported programs in crisis prevention; specifically, whether, conditional on an episode of intense market pressures, IMF financial support helps prevent a capital account crisis from developing and, if so, through what channels. In doing so, the paper...
Persistent link: https://www.econbiz.de/10012780259
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IMF and the World Bank in the process of structural adjustment and the actual relationship between their different …
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