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  • 1
    Online Resource
    Online Resource
    Cheltenham, U.K : Edward Elgar
    ISBN: 9781847200259
    Language: English
    Pages: 1 Online-Ressource (xix, 298 p) , ill
    Series Statement: Edward Elgar E-Book Archive
    Parallel Title: Available in another form
    Parallel Title: Erscheint auch als Monetary integration and dollarization
    DDC: 332.4/564
    RVK:
    Keywords: Globalisierung ; Wirtschaftsintegration ; Währungsunion ; Geldpolitik ; Wechselkurspolitik ; Eurozone ; Währungssubstitution ; Schwellenländer ; Welt ; USMCA-Staaten ; EU-Staaten ; Dollarization ; Foreign exchange ; Monetary policy ; Currency question ; Dollar, American ; Electronic books ; Europe Economic integration ; Aufsatzsammlung ; Nordamerikanische Freihandelszone ; Wirtschaftliche Integration ; Internationale Kapitalbewegung ; Währungspolitik ; Währungssubstitution ; US-Dollar
    Abstract: This book deals with the economic consequences of monetary integration, which has long been dominated by the Optimal Currency Area (OCA) paradigm. In this model, money is perceived as having developed from a private sector cost minimization process to facilitate transactions. Not surprisingly, the book argues, the main advantage of monetary integration in the OCA context is the reduction of transaction costs, yet the validity of OCA to analyze processes of monetary integration seems to be limited at best
    Abstract: pt. 1. European monetary union -- pt. 2. Dollarization in North America? -- pt. 3. Emerging markets and the financial architecture -- pt. 4. Final reflections
    Note: Includes bibliographical references and index
    URL: Volltext  (Deutschlandweit zugänglich)
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    ISBN: 9781800881471
    Language: English
    Pages: 1 Online-Ressource (144 Seiten)
    Parallel Title: Erscheint auch als
    Keywords: Thirlwall, Anthony P. ; Thirlwall, A. P ; Wirtschaftswachstum ; Außenwirtschaftliches Gleichgewicht ; Außenhandelselastizität ; Ökonomische Ideengeschichte ; Wachstumstheorie ; Außenwirtschaftstheorie ; Economic development ; Keynesian economics ; Electronic books ; Aufsatzsammlung
    Abstract: Contents: Symposium: Thirlwall's law at 4.0 thirlwall's law at 40 / Esteban Pérez Caldentey and Matías Vernengo -- Why thirlwall's law is not a tautology: More on the debate over the law / J.S.L. -- Mccombie endogenous growth, capital accumulation and thirlwall's dynamics: The case of Latin America / Ignacio Perrotini-Hernández and Juan Alberto Vázquez-Muñoz -- Thirlwall's law and the terms of trade: A parsimonious extension of the balance-of-payments-constrained growth model / Esteban Pérez Caldentey and Juan Carlos Moreno-Brid -- Thirlwall's law, external debt sustainability, and the balance-ofpayments- constrained level and growth rates of output / Gustavo Bhering, Franklin Serrano and Fabio Freitas -- Growth transitions and the balance-of-payments constraint / Excellent Mhlongo and Kevin S. Nell -- New structuralism and the balance-of-payments constraint / Gabriel Porcile and Giuliano Toshiro Yajima -- Is indonesia's growth rate balance-of-payments-constrained? A timevarying estimation approach / Jesus Felipe, Matteo Lanzafame and Gemma Estrada -- Thoughts on balance-of-payments-constrained growth after 40 years / A.P. Thirlwall.
    Abstract: "2019 marked the 40th anniversary of the publication of Anthony P. Thirlwall's classic paper that laid out what became known as Thirlwall's law. This article introduced and provided empirical evidence in favor of the proposition that the long-run rate of growth of an economy compatible with balance-of-payments equilibrium can be approximated by the simple rule of the ratio of the growth of exports to the income elasticity of demand for imports. Thirlwall's law provides a theoretical underpinning for several of the arguments traditionally espoused by the heterodox followers of Keynes. In addition, Thirlwall's law can also be viewed as a guide to policy-making. It has spurred a rich research agenda at both the theoretical and empirical levels. Theoretically the core model has been extended to include the different components of the current account of the balance of payments. Empirically, it has withstood the test of time and has been corroborated, with perhaps a few exceptions, for a variety of developed and developing countries under different historical contexts and different periods of time. This re-release of the special issue of the Review of Keynesian Economics brings together experts and researchers to present the latest developments and debates on Thirlwall's law. Students, economists and policy makers will find this volume enlightening"--
    URL: Volltext  (lizenzpflichtig)
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