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Q. Explain how the German Bundesbank gained its low-inflation reputation.
Answer: Essentially Germany's experience with hyperinflation in the 1920s and yet again after World War II left the German electorate with a deeply rooted fear of inflation. The law set up the Bundesbank singled out the defence of the DM's real value as the primary goal of the German central bank.
Explain the Financial Revolution and Monetary Affairs
What are the reasons behind the growing importance of services in trade ?
Explain Theoretical and methodological aspects of international economic relations
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Why Adam Smith theory cannot be applicable?
Although the elegance and comprehensiveness of transactions costs reasoning has provided the internalisation approach with a powerful logic (Rugman, 1981, 1985), it is still defici
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