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We hypothesize This may be attributed to the consequences of monetary integration, which will allow usage of international capital, and provide evidence consistent with this channel. Our results counsel that greater use of Global money makes it possible for nations to get pleasure from the advantages embodied in money goods.Examines what transpired

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This paper examines the economic penalties of political conflicts that come up when nations apply capital controls. In an overlapping-generations model, agents vote on no matter whether to open or shut an economy to money flows. The youthful (staff) acquire revenue from wages only whilst the old (capitalists) get cash flow from cost savings only.We

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