| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20454 |
| 来源ID | Working Paper 20454 |
| The Revived Bretton Woods System's First Decade | |
| Michael P. Dooley; David Folkerts-Landau; Peter M. Garber | |
| 发表日期 | 2014-09-05 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | The revived Bretton Woods framework we proposed in 2003 remains a useful way to understand the international financial system. We document that the system survived the 2008 crisis. Looking forward, we argue that the system will continue to evolve as we expected. China is likely to graduate from the periphery to the center in the next few years. This graduation process could be smooth or associated with recurrent financial crises. During this transition the magnitude of net capital outflows from the periphery will continue to depress real interest rates in industrial countries at every phase of the business cycle. Finally, recent policy initiatives suggest that India is poised to replace China as the dominant periphery country. |
| 主题 | International Economics ; International Factor Mobility ; International Finance ; International Macroeconomics ; Globalization and International Relations |
| URL | https://www.nber.org/papers/w20454 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578126 |
| 推荐引用方式 GB/T 7714 | Michael P. Dooley,David Folkerts-Landau,Peter M. Garber. The Revived Bretton Woods System's First Decade. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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