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-country world economy. This allows an analysis of the differential impact of a reversal of the US current account on Europe and Asia …-allocations from non-tradables to tradables will be necessary in the US. The direction of factor re-allocation in Asia depends on … whether the "Bretton-Woods-II" regime of unilaterally fixed or manipulated exchange rates in Asia is continued. If this is the …
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. Cases are drawn worldwide from Asia, North America and Europe and include a new case study on Slovenia. …
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