Showing 1 - 10 of 23
As an innovator in the financial system, China was the first to use paper currency. Eventually the form of currency was held responsible for devastating inflation and was abandoned during the Ming Dynasty. Going forward in time, uprisings and discontent have emphasized the importance of...
Persistent link: https://www.econbiz.de/10009323474
Sovereign risk became a common issue after 2007 financial crisis happened. However, the crisis was only an incentive. Some high sovereign risk countries had lacked reliable sovereign risk management framework and lend overmuch debt before the crisis came. High cost of crisis and succeeding...
Persistent link: https://www.econbiz.de/10008602754
This work compares the effectiveness of quantity-based and price-based monetary policies in China using FAVAR. This essay is the pioneer to identify the 1-year lending rate and deposit rate as the policy rates, and includes yield curve information in the analysis. It is found that effects of...
Persistent link: https://www.econbiz.de/10009228920
Can foreign direct investment (FDI) promote growth in Africa? What does the inflow of investment hold for African … implication of FDI for different regional blocs in Africa. FDI was found to have a significant effect on growth in North Africa … but had no significant effect in East, Southern and West Africa. FDI was also found not to be driving growth in the whole …
Persistent link: https://www.econbiz.de/10011186474
Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable … strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the … the success of the privatization reform process. It was also found that privatization was not promoting growth in Africa …
Persistent link: https://www.econbiz.de/10011186475
This paper approaches the question of potential causality between foreign debt and domestic savings in the context of developing countries. Literature provides evidence in as far as foreign debt and development is concerned, but little attention was given so far to internal potential for capital...
Persistent link: https://www.econbiz.de/10005000669
The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact …
Persistent link: https://www.econbiz.de/10005837180
Since 1950s, most African nations have gained independence from their colonial powers. Fortunately, independence has brought many changes to these nations and these include multi-party democratic government and western education systems. Unfortunately, the Africa’s economy is the least...
Persistent link: https://www.econbiz.de/10011259767
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …
Persistent link: https://www.econbiz.de/10011260337
growth as it “opens up” is contingent upon its own peculiarities …
Persistent link: https://www.econbiz.de/10008869269