Titlebook: Global Finance at Risk; On Real Stagnation a Sunanda Sen Book 2003 Palgrave Macmillan, a division of Macmillan Publishers Limited 2003 capi

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COKE

International Capital Flows: Some Theoretical Insights,oint for this clearly departs from what in orthodox economics is cited as ‘neutrality’ of money. Contesting such positions, the present study views money and finance as active agents of change in the real economy, especially in an uncertain world.

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Generalization and Specialization advanced nations experienced a climate of interdependence as was never witnessed before. The steady rise in the magnitude of cross-border financial flows has been combined by systemic risks with boom-bust cycles in private credit, the amplitude of which also widened markedly over time.

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Book 2003sion and lack of development. Rejecting the explanations advanced by the orthodoxy, she deplores the retrograde steps in the interest of high finance. This calls for a change in policies, away from the contractionary monetarist devices and in the direction of demand expansion which will prove mutual

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IST

Information Modelling from First Principles,oint for this clearly departs from what in orthodox economics is cited as ‘neutrality’ of money. Contesting such positions, the present study views money and finance as active agents of change in the real economy, especially in an uncertain world.