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World Debt and Stability
The constant and seemingly intractable problem of world debt is much in the news today, and, despite the Baker plan of the 1980s and the more recent Brady plan, the plight of …
World Economy at the Crossroads
At the close of the 20th century, the world economy is at a crossroads. After the increase in both inflation and unemployment in the 1970s, the postwar economic paradigm based on …
Successor States and Cooperation Theory
The transformation of Eastern and Central Europe into functioning market democracies can be facilitated by incorporating the lessons of cooperation theory into standard economic …
The United States in the Changing Global Economy
Accelerating globalization of world markets and increasing interdependence of the economies of the world has made policy-making very complex, especially in the United States. One …
Money and Democracy
In his latest work, Macesich examines democracy and its economic counterpart, the free market, and the place of money (monetary and fiscal policy as controlled by the state …
Political Economy of Money
Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of …
Integration and Stabilization
This study argues that owing to the wide diversity of nations, their often conflicting policies, and insistence on preserving their sovereignty, the processes of worldwide …
Economic Nationalism and Stability
This study examines concepts of nationalism as they effect stability in general, particularly economic stability, in Third World nations. Macesich discusses how emerging nations …
Transformation and Emerging Markets
The economics and history of the closing years of the 20th century may turn out to mark the era of transformation when the nation-states lose most of their ability to maneuver in …
Money and Monetary Regimes
Combining a rich mixture of technical economics, political repercussions, and even the psychology of symbols and beliefs, monetary problems are both fascinating and perplexing. …
Monetary Reform in Former Socialist Economies
Radical change seems to be the only panacea for inefficient economies. This work takes a look at the financial system and its function in socialist central planning economies. It …
Money, Systems, and Growth
In the years since World War II, the United States and other countries have created a new economic order which has produced one of the broadest and most sustained periods of …