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The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
Persistent link: https://www.econbiz.de/10003981363
This study investigates how corporate R&D evolves in the light of the contemporary economic crisis. We study empirical evidence from past downturns, discuss the relevant literature, and perform an empirical analysis of recent business survey data (collected during 2009). Pivotal for our...
Persistent link: https://www.econbiz.de/10011981968
. Furthermore there is evidence that the World Economy Outlook published by the IMF has systematically been biased upwards …
Persistent link: https://www.econbiz.de/10012980647
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10013144334
This paper is an attempt to provide an ideological postulation of Adam Smith and Karl Marx on globalization. This paper … industrialzation in Europe and later on in North America changed the pattern of demand in the world market. The two World wars and … Great Depression had shifted the economic power center from Europe to USA. The major political division of the world after …
Persistent link: https://www.econbiz.de/10014165883
The Cyprus crisis is one of the most complex in the Eurozone - although in absolute terms it is a minor crisis. An analysis of the ongoing developments from different perspectives leads to the conclusion that we are witnessing a perfect storm of a financial crisis at the confluence of sovereign...
Persistent link: https://www.econbiz.de/10013085198
for world economy. The perspective here adopted tries to be fully respectful of the assumption of global economic …
Persistent link: https://www.econbiz.de/10014222406
While the traditional approach to the adjustment of international imbalances assumes industrialized countries at a similar level of development and with similar production structures, such imbalances have historically been the result of a process of catching up by late-industrializing developing...
Persistent link: https://www.econbiz.de/10010266490
The authors use the Bank of Canada's version of the Global Economy Model, a multi-country, multi-sector dynamic stochastic general-equilibrium model with an active banking system (the BoC-GEM-FIN), to study the evolution of global current account balances following the recent global financial...
Persistent link: https://www.econbiz.de/10010289703
The key dynamics of the transatlantic banking crisis are analyzed – with emphasis on the fact that the banking disaster of 2007/08 was not really a surprise –, and the five key requirements for restoring stability and efficiency in the EU/OECD banking sector are highlighted. Most important,...
Persistent link: https://www.econbiz.de/10003936131