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China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...
Persistent link: https://www.econbiz.de/10005825803
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
This paper examines the relationship between fixed exchange rate arrangements and trade using a gravity model of … international trade together with bilateral trade data from 24 countries from the Caribbean and Latin America for the period 1960 …-2001. The analysis indicates that a credible fixed peg has a positive impact on the value of bilateral trade. Moreover, the …
Persistent link: https://www.econbiz.de/10005768826
presents several conventional techniques for assessing competitiveness, namely the real exchange rate and recent trade … many post-conflict situations. The real exchange measure and trade measures suggest some mild erosion of competitiveness in …
Persistent link: https://www.econbiz.de/10005768991
This paper investigates empirically the relevance of external, domestic, and financial weaknesses as well as trade and …
Persistent link: https://www.econbiz.de/10005769104
This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector … auto regression models and controlling for the effects of exchange rate volatility, capacity utilization, and changes in … responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may …
Persistent link: https://www.econbiz.de/10005605105
.S.-Canada Free Trade Agreement, suggests. We find that exchange rate flexibility has not prevented economic integration between …
Persistent link: https://www.econbiz.de/10005605495
The empirical study shows that the equilibrium real exchange rate in Mauritius has been affected by the terms of trade …, as well as by other fundamental determinants. It assesses the challenges posed to Mauritius’s trade performance by the … expiration of the preferential trade arrangements. It examines the empirical relationship among domestic prices, money, foreign …
Persistent link: https://www.econbiz.de/10011244211
This paper provides three policy lessons to take full advantage of the opportunity afforded by EU funds. The main features of the global integrated monetary and fiscal (GIMF) model and how it was modified to account for income convergence are discussed. The impact of EU funds as exhibited in the...
Persistent link: https://www.econbiz.de/10011244276