Abstract
To function efficiently, the global economy must both ensure the absence of major financial crisis and maintain adequate aggregate demand at the global level. There is substantial evidence that the existing system is vulnerable in both the financial and the “real” sectors. This systemic vulnerability and its potentially very large adverse consequences for global macrofinancial efficiency are the foci of this monograph.
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© 2004 H. Peter Gray
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Gray, H.P. (2004). The Purpose and Three Propositions. In: The Exhaustion of the Dollar. Palgrave Macmillan, London. https://doi.org/10.1057/9780230500204_1
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DOI: https://doi.org/10.1057/9780230500204_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-4039-9955-9
Online ISBN: 978-0-230-50020-4
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)