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The authors stress how the rise of China and India has changed the world economy, moving it towards disequilibrium …
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The rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several … financial equilibrium. The authors argue for a new exchange rate system and a new world governance …
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Using a newly available World Bank survey of over 28,000 firms from 46 countries, we examine how financial development … affects firm innovation around the world. We find that while stock market development significantly enhances firm innovation …
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