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Persistent link: https://www.econbiz.de/10011695810
In this paper, we examine capital account openness and exchange rate flexibility in 11 Asian economies. Asia has made slow progress in de jure capital account openness, but has made much more progress in de facto capital account openness. While there has been a gradual increase in exchange rate...
Persistent link: https://www.econbiz.de/10010286117
Since 2004, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar ….S. dollar, the resulting monetary explosion in China contributes to the worldwide increase in primary commodity priceswith …
Persistent link: https://www.econbiz.de/10010275871
policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 …, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …
Persistent link: https://www.econbiz.de/10010304732
Persistent link: https://www.econbiz.de/10011695809
provides an important role model for China, this paper studies the role of the yen/dollar exchange rate for Japanese monetary …
Persistent link: https://www.econbiz.de/10010264171
recommended by Zhou Xiaochuan, head of the People’s Bank of China. To avoid rapid forgetting of havoc from isolationist clean …
Persistent link: https://www.econbiz.de/10010274185
Inflation, die über den Festkurs importiert wird. Der Überhitzung könnten eine Aufwertung des Yuan oder eine restriktivere … Finanz- und Geldpolitik in den USA entgegen wirken. …‘s sustained depreciation in early 2002 the western industrialized countries including Japan argue that China‘s fixed peg is …
Persistent link: https://www.econbiz.de/10010296338
International investors' enthusiasm with respect to growth prospects in Southeast Asia has been followed by panic. Both the outstanding economic performance of Southeast Asian economies and their ability to master adjustment challenges had led most observers of these economies to the conclusion...
Persistent link: https://www.econbiz.de/10010295099
This paper provides an analysis of Keynes's original Bancor proposal as well as more recent proposals for fixed exchange rates. We argue that these schemes fail to pay due attention to the importance of capital movements in today's economy, and that they implicitly adopt an unsatisfactory notion...
Persistent link: https://www.econbiz.de/10010266537