We examine speculative attacks in a controlled laboratory environment featuring continuous time, size asymmetries, and varying amounts of public information. Attacks succeeded in 233 of 344 possible cases. When speculators have symmetric size and access to information: (a) weaker fundamentals...

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...

This paper extends the analysis of the acquisition of destination language proficiency among immigrants by explicitly incorporating dynamics among family members – mother, father and children. Single equation, bivariate, and four-state (multivariate) probit analyses are employed. Immigrant...

This paper is concerned with the location of immigrants in the United States, as reported in the 1990 Census. Where they settle has implications for the economic, social and political impact of immigrants. Immigrants are highly geographically concentrated. Compared to the native born they are...

This paper is concerned with the determinants of English language proficiency (speaking, reading and writing) among immigrants. It presents a model of immigrant destination language acquisition based on economic incentives, exposure to the destination language, and efficiency in second language...

This paper is concerned with the determinants of English language proficiency among immigrants in a longitudinal survey for Australia. It focuses on both visa category and variables derived from an economic model of the determinants of destination language proficiency among immigrants. Skills...

This study develops a theoretical framework for the study of the tendency for immigrant groups to be geographically concentrated. Testing the model for Australia shows that the extent of geographic concentration of immigrant groups is negatively related to age at migration, duration of residence...