By Jörg Bibow, Andrea Terzi

This e-book takes a huge viewpoint to problem orthodox perspectives concerning the function of Euroland on the earth economic climate, offering a accomplished framework to handle very important questions for the way forward for the Euro, together with the major query: will the only foreign money give a contribution to global monetary dynamism or be pushed through the power and energy of others?

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Extra resources for Euroland and the World Economy: Global Player or Global Drag?

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Particularly since the US current account deficit today extends to almost the rest of the world, and thus includes countries that would seem to make rather strange bedfellows as members of the trade account region. The role of the supposed capital account region - featuring Euroland - in today's global system and constellation of global imbalances remains somewhat under-explored. 4 A closer look at the trade account region and some key surplus countries Being the most obvious trade account region candidate, China is the second focal point in the debate on global imbalances.

And Garber, P. (2003). 'An essay on the revived Bretton Woods system', NBER, Working Paper no. 997l. , and Featherstone, K. (1999). The Road to Maastricht: Negotiating EMU, New York. Oxford: Oxford University Press. , and Lim, ]. (200S). ', Asian Development Bank, ERD Working Paper no. 69, May. , Papadimitriou, D. , Dos Santos, C. , and Zezza, G. (200S). ', Levy Economics Institute, Strategic Analysis, September. Global Imbalances, Bretton Woods II, Euroland's Role 41 Goldman Sachs. (2002). 'Mortgaging the economy's future', Global Economics Paper no.

Papadimitriou, D. , Dos Santos, C. , and Zezza, G. (200S). ', Levy Economics Institute, Strategic Analysis, September. Global Imbalances, Bretton Woods II, Euroland's Role 41 Goldman Sachs. (2002). 'Mortgaging the economy's future', Global Economics Paper no. 83, 7 October. Goldman Sachs. (2005). 'Mortgage equity withdrawal: The key issue for 2006', US Economics Analyst no. 05/46,18 November. Goldman Sachs. (2006). 'Some micro evidence on saving and MEW', US Economics Analyst no. 06/23, 9 June.

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