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Export-Led Growth, International Debts and a Proposal for an International Payments Scheme

Paul Davidson

Chapter 11 in International Money and the Real World, 1992, pp 203-227 from Palgrave Macmillan

Abstract: Abstract A consistent theme throughout this book has been that neoclassical logic has assumed away questions that are fundamental to a market-oriented, money-using economy. These problems are particularly relevant for understanding the current international payments relations that involve liquidity, persistent and growing debt obligations, and the importance of stable rather than flexible exchange rates.

Keywords: Exchange Rate; Central Bank; Real Wage; Trade Deficit; Flexible Exchange Rate (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37809-4_11

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DOI: 10.1057/9780230378094_11

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