While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To...

This paper takes the Asian crisis as an example to show that the Autoregressive Conditional Hazard (ACH) model is a powerful tool for studying the time series features of speculative attacks. The ACH model proposes a duration variable to capture the changes in the frequency of attacks, which...

With constant growth of China’s population and increasingly serious situation of farmland protection, the grain security has become a hot issue of China. This study firstly elaborated grain security measures in grain exporters, such as the United States, Australia, and EU, and grain...

Through overview of relevant literature and on the basis of basically grasping frontier study and development trend, this paper discussed the grain security from industrial structure, farmland protection, grain import, urbanization and industrialization, grain reserve, ecological protection, and...