Chronic macro-economic and financial imbalances in the world economy: a meta-economic view

Detalhes bibliográficos
Autor(a) principal: GUTTMANN,ROBERT
Data de Publicação: 2015
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Revista de Economia Política
Texto Completo: http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200203
Resumo: Global finance, combining offshore banking and universal banks to drive a broader globalization process, has transformed the modus operandi of the world economy. This requires a new "meta-economic" framework in which short-term portfolio-investment flows are treated as the dominant phenomenon they have become. Organized by global finance, these layered bi-directional flows between center and periphery manage a tension between financial concentration and monetary fragmentation. The resulting imbalances express the asymmetries built into that tension and render the exchange rate a more strategic policy variable than ever.
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spelling Chronic macro-economic and financial imbalances in the world economy: a meta-economic viewglobal financemonetary fragmentationhot-money flowsmeta-economic frameworkexchange ratesGlobal finance, combining offshore banking and universal banks to drive a broader globalization process, has transformed the modus operandi of the world economy. This requires a new "meta-economic" framework in which short-term portfolio-investment flows are treated as the dominant phenomenon they have become. Organized by global finance, these layered bi-directional flows between center and periphery manage a tension between financial concentration and monetary fragmentation. The resulting imbalances express the asymmetries built into that tension and render the exchange rate a more strategic policy variable than ever.Centro de Economia Política2015-06-01info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersiontext/htmlhttp://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200203Brazilian Journal of Political Economy v.35 n.2 2015reponame:Revista de Economia Políticainstname:EDITORA 34instacron:EDITORA_3410.1590/0101-31572015v35n02a01info:eu-repo/semantics/openAccessGUTTMANN,ROBERTeng2015-06-23T00:00:00Zoai:scielo:S0101-31572015000200203Revistahttps://centrodeeconomiapolitica.org.br/repojs/index.php/journalONGhttps://centrodeeconomiapolitica.org.br/repojs/index.php/journal/oai||cecilia.heise@bjpe.org.br1809-45380101-3157opendoar:2015-06-23T00:00Revista de Economia Política - EDITORA 34false
dc.title.none.fl_str_mv Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
title Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
spellingShingle Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
GUTTMANN,ROBERT
global finance
monetary fragmentation
hot-money flows
meta-economic framework
exchange rates
title_short Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
title_full Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
title_fullStr Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
title_full_unstemmed Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
title_sort Chronic macro-economic and financial imbalances in the world economy: a meta-economic view
author GUTTMANN,ROBERT
author_facet GUTTMANN,ROBERT
author_role author
dc.contributor.author.fl_str_mv GUTTMANN,ROBERT
dc.subject.por.fl_str_mv global finance
monetary fragmentation
hot-money flows
meta-economic framework
exchange rates
topic global finance
monetary fragmentation
hot-money flows
meta-economic framework
exchange rates
description Global finance, combining offshore banking and universal banks to drive a broader globalization process, has transformed the modus operandi of the world economy. This requires a new "meta-economic" framework in which short-term portfolio-investment flows are treated as the dominant phenomenon they have become. Organized by global finance, these layered bi-directional flows between center and periphery manage a tension between financial concentration and monetary fragmentation. The resulting imbalances express the asymmetries built into that tension and render the exchange rate a more strategic policy variable than ever.
publishDate 2015
dc.date.none.fl_str_mv 2015-06-01
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200203
url http://old.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200203
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 10.1590/0101-31572015v35n02a01
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv text/html
dc.publisher.none.fl_str_mv Centro de Economia Política
publisher.none.fl_str_mv Centro de Economia Política
dc.source.none.fl_str_mv Brazilian Journal of Political Economy v.35 n.2 2015
reponame:Revista de Economia Política
instname:EDITORA 34
instacron:EDITORA_34
instname_str EDITORA 34
instacron_str EDITORA_34
institution EDITORA_34
reponame_str Revista de Economia Política
collection Revista de Economia Política
repository.name.fl_str_mv Revista de Economia Política - EDITORA 34
repository.mail.fl_str_mv ||cecilia.heise@bjpe.org.br
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