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Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances seem a significant problem. However, acknowledging that would question mainstream economics' celebratory stance toward globalization. That tension prompted an array of explanations...
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money. Keynes, by contrast, proposed that this role should be assigned to a supra-national, credit money. While the world … currently lives in what has been defined as a balance of financial terror, Keynes tried to achieve a more peaceful type of … international balance. I argue that some of the technical provisions of the Keynes Plan may still - at least in principle - provide …
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money. Keynes, by contrast, proposed that this role should be assigned to a supranational, ldquo;creditrdquo; money. While … the world currently lives in an asymmetric regime, which lead to what has been defined as a ldquo;balance of financial … terrorrdquo;, Keynes tried to achieve a more peaceful type of ldquo;international balancerdquo;. I argue that the structural …
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