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Fiscal stimulus programs have contributed substantially to developing Asia’s faster and stronger than expected recovery from the global financial crisis. This may lead to political pressures for greater use of countercyclical fiscal policy in the postcrisis period. However, the countercyclical...
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Since the end of World War II the dollar has played a double role, it has served as national currency of the US and as … key currency of the world economy. As world currency the dollar serves as "numeraire" for supranational flows and stocks … the world, but influence also the relative prices between commodities and manufactures, the terms of trade between …
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