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Define the following concepts and provide an explanation of how they are used in the real world. Balance of payments accounting definitions nominal versus real
Define the following concepts and provide an explanation of how they are used in the real world.
- Balance of payments accounting definitions
- nominal versus real exchange rates
- Lender of last resort
- Policy conditionality
- Elements of program design in financial rescues
- Secular stagnation
- Zero lower bound (for monetary policy)
- Neutral real rate of interest
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Managing in a Global Economy Demystifying International Macroeconomics
Authors: John E. Marthinsen
2nd edition
128505542X, 978-1305176157, 1305176154, 978-1285055428
