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enhance both integration into the regional and world markets. Prominent candidates for such policies are the build-up of … estimates by the World Bank (1994) about 60 billion US$ would have to be invested in infrastructure up to the year 2000 to …
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betroffenen Länder könnten sich abschotten und den Handel mit dem Rest der Welt deutlich einschränken. Doch die Regierungen hatten …
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This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly,...
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