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. There are some indications of globalization in retreat, international trade growth slowing down and a transition from … various trends around global economic integration and pushing towards de-globalization is extremely difficult. This paper aims …
Persistent link: https://www.econbiz.de/10014496726
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We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
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The relationship between the Bretton Woods institutions and Africa began in the 1980s as a result of the international … countries in Africa had to meet in order to to be given credit facilities. It has been argued that most of these conditions were … argue that some of these conditions have improved the economic situation in Africa. Further, I also argue that the credit …
Persistent link: https://www.econbiz.de/10013294571
Persistent link: https://www.econbiz.de/10013530511
In this paper we try to address the question of what could help make the renminbi (RMB) a reserve currency. In recent years, the authorities in the People's Republic of China (PRC) have made efforts to internationalize its currency through a two-track strategy: promotion of the use of the RMB in...
Persistent link: https://www.econbiz.de/10013053465