Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflow,…
Summary of key points:
· A fixed exchange rate and a flexible exchange rate each have its own advantages.
· A country should have the…
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Optimum currency area theory says that trade patterns and cyclical correlations are important criteria for whether a country should join a…
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in…