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The First-Generation Models - Latin American crises in the 1980s ... Multiple equilibria and herding behavior by investors. How do these models perform empirically? ...
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... of a broader debate about European Union ... Intense public debate precedes the referendum ... Economics dictates politics, whereas it should be the opposite ...
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A common currency will always face occasional asymmetric shocks that result in ... Mobility may not change much, but wages could become less sticky. Two views: ...
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Counterfeiting of American Currency. Christine Pederson. and. Nicole Farlee. Definition: A counterfeit is an imitation that is made with the intent to deceptively ...
Counterfeiting of American Currency Christine Pederson and Nicole Farlee Definition: A counterfeit is an imitation that is made with the intent to deceptively ...
Lord Keynes with Dr. H. H. Kung, China's Minister of Finance. Bretton Woods, 2.7.44 The Legacy of the Early Economics of Keynes in the Times of Bretton Woods II
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Should curreny area borders coincide with national borders? ... The virtuous circle: labour markets respond to enhanced competition by becoming more flexible ...
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Rising unemployment ... A country's response to domestic unemployment: Increase the money supply ... This leads to an export boom & lower domestic unemployment ...
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Introduction of euro creates signal lowering the cost of collective action. Less exchange risk ... These large real exchange rate cycles lead to large adjustment costs ...
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Price transparency. One common unit of account facilitates price comparisons ... There is no evidence of price convergence ... with low price elasticities ...