Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/54261
Authors: 
Kregel, Jan
Year of Publication: 
2010
Series/Report no.: 
Public policy brief // Jerome Levy Economics Institute of Bard College 116
Abstract: 
The stability of the international reserve currency's purchasing power is less a question of what serves as that currency and more a question of the international adjustment mechanism, as well as the compatibility of export-led development strategies with international payment balances. According to Senior Scholar Jan Kregel, export-led growth and free capital flows are the real causes of sustained international imbalances. The only way out of this predicament is to shift to domestic demand-led development strategies - and capital flows will have to be part of the solution.
ISBN: 
978-1-936192-13-7
Document Type: 
Research Report

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