Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
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Globalization
"It's hard for me to imagine globalization, the opening up of trade, occurring without some kind of global medium of exchange," he says. "Over all, i would say that the covin 19 crisis has not in any way stopped financial robalization oror forced it to sort of a roll back." He argues private finance is trying to move away from money and liabilities guaranteed by the state because these are expensive.
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