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imbalances in the world economy associated with finance-dominated capitalism. From this it follows that in the near and not so … near future, the US will no longer be able to act as the driving force for world demand. In order to avoid a period of … deflationary stagnation in major parts of the world economy, we finally propose the policy package of a Global Keynesian New Deal …
Persistent link: https://www.econbiz.de/10009549800
In the last decade, there has been a crisis of monetary regulation of the world economy. This is confirmed by the fact … depression after temporary attempts to revive the economy). Even the World Bank and the International Monetary Fund predict a … the world is changing. Will humanity come up with something new or will switch to a model based on Keynesian tools.To do …
Persistent link: https://www.econbiz.de/10013227571
Before boarding a plane on Saturday the 18th of October 2008 to meet President George W. Bush, French President Nicolas Sarkozy proclaimed, "Europe wants it. Europe demands it. Europe will get it." The "it" here is global financial regulation reform, which was seen to be necessary to stave off...
Persistent link: https://www.econbiz.de/10013074223
financing facilities. These programmes have distinct features compared with assistance programmes in other parts of the world …
Persistent link: https://www.econbiz.de/10011715721
financing facilities. These programs have distinct features compared with assistance programs in other parts of the world, such …
Persistent link: https://www.econbiz.de/10011635367
This paper puts forward a proposal to help monetary policies confront the challenge of the "normalisation" of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue that...
Persistent link: https://www.econbiz.de/10011885373
This paper puts forward a proposal to help monetary policies confront the challenge of the “normalisation” of money creation and interest rates. The difficult unwinding of years of unorthodox policies put financial stability at risk in major monetary centres and in EMEs. The authors argue...
Persistent link: https://www.econbiz.de/10011955414
The financial and economic crisis in the Euro area has revealed a number of important flaws in the economic policy framework in Europe. On the one hand, the imbalances, which have dominated European development since the introduction of the euro, are not sustainable; and this is more serious in a...
Persistent link: https://www.econbiz.de/10009530390
In the wake of the global crisis the International Monetary Fund (IMF) increased its exposure to low-and middle-income countries and boosted the overhaul of its lending approach to enhance its role in preventing crises. This paper tests whether IMF lending has targeted countries most affected by...
Persistent link: https://www.econbiz.de/10013068299
Developing countries are the least to blame for the outbreak of the financial crisis, but they are destined to suffer the most dramatic and long-lasting consequences. This chapter focuses on the early responses of the International Monetary Fund to the present crisis in low- and middle-income...
Persistent link: https://www.econbiz.de/10013147496