Maritime Administration Department (MARA)
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The Maritime Administration Department focuses on the administration of marine and maritime industries and/or governmental organizations involved in coastal, marine and maritime activities.
Recent Submissions
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Multiple reserve requirements, exchange rates, sudden stops and equilibrium
(2009-03)We model a typical Asian-crisis-economy using dynamic general equilibrium techniques. Meaningful exchange rates obtain from nontrivial demands for flat currencies. Sudden stops/bank-panics are possible, and key for evaluating ...
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