The Purpose and Three Propositions

H. Peter Gray
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H. Peter Gray: Rutgers - the State University

Chapter 1 in The Exhaustion of the Dollar, 2004, pp 3-32 from Palgrave Macmillan

Abstract: Abstract To function efficiently, the global economy must both ensure the absence of major financial crisis and maintain adequate aggregate demand at the global level. There is substantial evidence that the existing system is vulnerable in both the financial and the “real” sectors. This systemic vulnerability and its potentially very large adverse consequences for global macrofinancial efficiency are the foci of this monograph.

Keywords: Gross Domestic Prod; Current Account; Aggregate Demand; Foreign Exchange Market; Trade Deficit (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50020-4_1

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DOI: 10.1057/9780230500204_1

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