The global currency system is likely to change significantly after the global financial crisis, but decline of the U.S. dollar may be a gradual process. These would impact the Peoples Republic of Chinas (PRC) renminbi policy, which, in turn, may generate feedbacks on the global system. The PRC...

This paper examines the cyclical behaviour of country-level macro-financial variables under EMU. Monetary union strengthened the covariation pattern between the output cycle and the financial cycle, while macro-financial policies at national and area-wide levels were insuffciently...

Based on the IMF de facto classification of countries’ exchange arrangements, this study examines the effect of exchange rate policies and inflationary expectation on foreign direct investment flow to the West African Monetary Zone (WAMZ). The Study employed the Arellano Panel Correction for...