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This paper will propose a plan to reform international finance – the World Financial Authority (WFA) Plan. Under such a plan, the IMF and other existing international financial institutions would be reformed and coordinated around a newly created WFA. The WFA would have two core functions....
Persistent link: https://www.econbiz.de/10013095450
warranted. -- Economic and Monetary Union ; euro ; European Central Bank; global imbalances ; global crisis ; intra … elsewhere. It argues instead that Europe had not only contributed handsomely to the buildup of global imbalances since the 1990s … homemade intra-Euroland and intra-EU imbalances, the simultaneous implosion of which has further aggravated Europe …
Persistent link: https://www.econbiz.de/10003943124
elsewhere. It argues instead that Europe had not only contributed handsomely to the buildup of global imbalances since the 1990s … homemade intra-Euroland and intra-EU imbalances, the simultaneous implosion of which has further aggravated Europe … inherited from Germany's mercantilist past and Bundesbank mythology. Steps toward a fiscal union to back the euro are also …
Persistent link: https://www.econbiz.de/10013150051
lessons from the financial crisis and global recession were being drawn, while concerns about Greece's government debt … problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …
Persistent link: https://www.econbiz.de/10011706561
lessons from the financial crisis and global recession were being drawn, while concerns about Greece's government debt … problems were threatening to spread to other countries within the euro area, with potential negative repercussions for the euro …
Persistent link: https://www.econbiz.de/10011689946
This paper presents an analytical overview of recent contributions to the literature on the policy implications of capital flows in emerging and developing countries, focusing specifically on capital inflows as well as on the links between inflows and subsequent capital-flow reversals. The...
Persistent link: https://www.econbiz.de/10010244171
We examine the short- and long-run effects of financial liberalization on capital markets. To do so, we construct a new comprehensive chronology of financial liberalization in 28 mature and emerging market economies since 1973. We also construct an algorithm to identify booms and busts in stock...
Persistent link: https://www.econbiz.de/10013318025
's capitalists to support opening up the economy to FDI. This attitude switch is more likely to occur the greater the debt overhang …
Persistent link: https://www.econbiz.de/10014123703
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012233649
Official (government-to-government) lending is much larger than commonly known, often surpassing total private cross-border capital flows, especially during disasters such as wars, financial crises and natural catastrophes. We assemble the first comprehensive long-run dataset of official...
Persistent link: https://www.econbiz.de/10012261746