Chronic macro-economic and financial imbalances in the world economy: a meta-economic view

Autor:	ROBERT GUTTMANN
Jazyk:	English<br />Portuguese
Rok vydání:	2015
Předmět:	finanças globais fragmentação monetária fluxos de dinheiro estrutura meta-econômica taxas de câmbio Economics as a science HB71-74
Zdroj:	Brazilian Journal of Political Economy, Vol 35, Iss 2, Pp 203-226 (2015)
Druh dokumentu:	article
ISSN:	1809-4538 0101-3157
DOI:	10.1590/0101-31572015v35n02a01
Popis:	Global finance, combining offshore banking and universal banks to drive a broader globalization process, has transformed the modus operandi of the world economy. This requires a new "meta-economic" framework in which short-term portfolio-investment flows are treated as the dominant phenomenon they have become. Organized by global finance, these layered bi-directional flows between center and periphery manage a tension between financial concentration and monetary fragmentation. The resulting imbalances express the asymmetries built into that tension and render the exchange rate a more strategic policy variable than ever.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/ef5d716ff4734f6e8af1f5db280cd5c1 Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF