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Dynamics of Balance of Payment developments are still barely researched. Chapter 1 tries to summarize empirical evidence between institutional determinants and BoP movements and proposes a framework for the role of institutions in a debt cycle. It is found that “good” institutions do help a...
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Ever more extensive global financial linkages are changing in ways that have significant implications for policy. Asia-Pacific countries have experienced a particularly rapid growth in financial flows since the crisis. Against this background, the BIS's Representative Office for Asia and the...
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In this paper the euro crisis is interpreted as the latest episode in the crisis of finance-dominated capitalism. For … 11 initial Euro area countries, the major features of finance-dominated capitalism are analyzed; specifically, the … approach tackling the basic contradictions of finance-dominated capitalism and the deficiencies of European economic policy …
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finance manifests a new era in the history of capitalism. The present article first provides some general discussion on the … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
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