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The United States in a global economy -- International economic institutions since World War II -- Comparative … advantage and the gains from trade -- Comparative advantage and factor endowments -- Beyond comparative advantage -- The theory … policy reform in Latin America -- Export-oriented growth in East Asia -- China and India in the world economy …
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Given the increasing interdependence of both financial systems and attendant payment and settlement systems a vital question is what form should optimal policy take when there are two connected payment systems with separate regulators. In this paper I show that two central banks operating in a...
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