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President Trump's actions on trade have not quite matched his rhetoric, but the worst may be to come. Though the political opposition to his protectionism is formidable, so are his conviction and determination and he possesses a wide array of instruments to pursue his goals. The trade doctrine...
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modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long … the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary … mercantilism also lowers the cost of hoarding, but may be associated with negative externalities leading to competitive hoarding. …
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modern version of monetary mercantilism - hoarding international reserves in order to improve competitiveness. From a long …-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades … disentangle the monetary mercantilism from precautionary response to the heritage of past financial mercantilism. Monetary …
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