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. Saving, asset-price inflation, and debt-induced deflation / Michael Hudson -- 7. Unit roots in macroeconomic time series and … Washington Consensus and (non-) development / Hansjörg Herr and Jan Priewe -- 10. Competition, low profit margin, low inflation …
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Purpose The purpose of the paper is to examine the differences in the impact of financial stress in advanced and emerging economies. Design/methodology/approach The authors employ a panel vector autoregression model (PVAR) for a comparative analysis of the relationship between financial stress,...
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