Schopnost vnějšího financování jako ekonomická moc?
| Title in English | Is International Borrowings the Economic Power? |
|---|---|
| Authors | |
| Year of publication | 2014 |
| Type | Article in Proceedings |
| Conference | Hradecké ekonomické dny 2014 Sborník recenzovaných příspěvků |
| MU Faculty or unit | |
| Citation | |
| Web | http://fim.uhk.cz/hed/images/sbornik2014_3.pdf |
| Field | Economy |
| Keywords | Power; State; Macroeconomics; Monetary Policy; Capital Markets |
| Description | This paper shows, that the ability to international borrowings is one hand and at the same time the source of the economic power of the state. The willingness of creditors to finance current account deficit and debtor’s ability to negotiate with lenders, or at least influence these negotiations especially when the debt crisis blows out, together deter-mine how quickly the adjustment process must be finished. This will be shown in con-text of the theory of international monetary power by Benjamin Cohen and the example of debt crisis of Latin American countries in the 1980s. Beforehand, the conceptualiza-tion of power will be introduced. |
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