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This paper proposes a comprehensive yet evolutionary reform of the global monetary non-system that evolved out of the breakdown of the original Bretton Woods arrangement in the early 1970s. It includes: (i) a global reserve system that mixes the multi-currency arrangement with an active use of...
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"In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money...
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Public debt profiles have improved in Bolivia recently; in particular by extending the maturity structure and … increasing the proportion of debt issued in domestic currency. This paper analyzes trends in public domestic debt in Bolivia …
Persistent link: https://www.econbiz.de/10011703798
During 2004-06 Bolivia experienced a five-fold increase in oil revenues due to tax/contractual innovations, higher … decentralize expenditures to local governments and nationalization of the oil industry. We model fiscal dynamics in Bolivia in an … to future developments in Bolivia, we conclude that governance of the process of allocation and distribution of the oil …
Persistent link: https://www.econbiz.de/10014058100
The paper analyses how the IMF brought its experience gained in emerging market sovereign debt crises in the troika’s handling of the euro crisis. We link models of multiple equilibria with the IMF's experience made in Latin American crises in the 2000s. We examine subsequent changes in the...
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