Titlebook: International Debt; Economic, Financial, Otto Hieronymi (Professor of International Relatio Book 2013 Palgrave Macmillan, a division of Mac

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The Illusion of Monetary Sovereignty,nd financial funds. Openness has become the normal state of contemporary market-based economies: they are organically engaged in foreign trade, and are parties to international conventions and organizations as a matter of fact. Some states are even members of trade and monetary blocs.

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Introduction,lem has become a major challenge for the richest and most highly developed economies in the world. The trends that have led to the current debt crisis started well before the outbreak of the so-called subprime crisis in 2008. The worldwide monetary crisis amplified these trends both in large and sma

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The International Monetary System and the Debt Issue, all countries to find a solution that will prevent a drastic erosion of the value of financial assets—people’s savings—and will allow a return to sustained growth. This solution will have to be based on reliable theoretical concepts and up-to-date data and analyses. Above all, it will need politica

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