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"This fascinating book examines international business and multinational enterprise as part of a bigger picture, considering the importance of two main components: space and time. Summarising the past five years, Mark Casson reviews the changing role of multinational enterprises within the...
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The paper identifies based on the monetary overinvestment theories by Wicksell (1898), Mises (1912) and Hayek (1929 …) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a neglect towards … monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling …
Persistent link: https://www.econbiz.de/10010334476
The paper identifies based on the monetary overinvestment theories by Wicksell (1898), Mises (1912) and Hayek (1929 …) monetary policy mistakes in large industrial countries issuing international currencies. It its argued that a neglect towards … monetary policy reform in a world dominated by financial markets has led to the erosion of the allocation and signaling …
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In this paper we compare the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective low interest rates are attributed to ageing societies, which save more for the future (global savings glut). Low growth is...
Persistent link: https://www.econbiz.de/10012124862