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This paper assesses the impact of unconventional United States (US) and Japanese monetary policies on emerging economies, and explores policy coordination issues to promote macroeconomic and financial stability in developed and emerging economies. The paper first considers a theoretical...
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One of the main contributions of Modern Money Theory (MMT) has been to explain why monetarily sovereign governments …
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machinery industry exports rather than agriculture and food products, and, on the contrary, in countries with higher interest … rates the share of agriculture and food exports increases and the share of machinery industry products declines. The …
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