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the world and, b) hetero-geneity in these regions' capacity to generate financial assets from real investments. In …
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In assessing Alexander Swoboda's great influence on economics, two themes stand out: the determinants of global inflation, particularly in the 1970s, and the choice of an exchange rate regime consistent with domestic monetary and fiscal policies. Although seemingly narrowly focused on China, our...
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The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and …). The paper finds that the changes of the world current account positions are driven by the macroeconomic pol-icy decisions … contribute to rising saving surpluses. -- Global Imbalances ; Asymmetric World Monetary System ; Twin Deficit ; Twin Surplus …
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