Post-Crisis Lessons for Open Economies

Magas, István (2011) Post-Crisis Lessons for Open Economies. Köz-gazdaság, 6 (4). pp. 61-94.

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In a systemic perspective, what are the primary transmitters of global competitiveness with the proper coordination mechanism? What are the systemic impacts of the U.S. economy on world markets? Will the United States stay the main engine of world economic growth for quite some time to come, or at least in the current decade? Will and should the United States, as the single largest open economy of the world, be in some way responsible for the provision of global economic stability as a valuable public good? Was the recent crisis predictable? These are the main questions addressed, all of which are answered in a new global context, and the responses are based on some known principles of international economics and economic history.

Item Type:Article
Uncontrolled Keywords:global crisis, open economy, business cycle, financial markets
Divisions:Faculty of Economics > Department of World Economy
International economics
ID Code:1027
Deposited By: Ádám Hoffmann
Deposited On:23 Nov 2012 12:26
Last Modified:04 Nov 2021 08:36

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