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Vor gut zwei Jahren hat die Türkei ein Stabilisierungsprogramm aufgelegt, das vor allem eine Senkung der sehr hohen Inflation zum Ziel hatte; vom Internationalen Währungsfonds (IWF) wurde es durch ein Beistandsabkommen finanziell unterstützt. Wegen erheblicher Probleme bei der Umsetzung des...
Persistent link: https://www.econbiz.de/10011601331
China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its …-growth and low-growth economies, as between Japan and the U.S. from in 1950 to 1971 and China and the U.S. from 1994 to 2005 … growth. The qualified case for China moving toward greater flexibility in the form of a very narrow band for the yuan …
Persistent link: https://www.econbiz.de/10010297476
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the...
Persistent link: https://www.econbiz.de/10011959540
Die ersten Corona-Fälle in China sind im Dezember 2019 aufgetaucht. Um die Pandemie einzudämmen, musste die Regierung … gleichzeitig dramatische Auswirkungen auf die Wirtschaft gehabt. China war das erste Land, das von der Pandemie und der daraus … wirtschaftlichen Herausforderungen in China, wie zum Beispiel der zurückhaltende Konsum und die schwache Beschäftigung. Nach dem …
Persistent link: https://www.econbiz.de/10012297079
This paper describes a quarterly macroeconometric model of the economy of People's Republic of China. The model …
Persistent link: https://www.econbiz.de/10010507205
Persistent link: https://www.econbiz.de/10011695811
By some measures already the world's biggest economy, China is seeking energetically to flex its muscles abroad by … Investment Bank. However, though its influence is growing in much of Asia, China's capacity to wield clout at the global level is … much-needed structural reforms have lost momentum. Unless China acts more decisively to overcome those obstacles, they may …
Persistent link: https://www.econbiz.de/10011790298
incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying … particular attention to modelling the exchange rate and monetary policy in China. Their findings suggest that the Chinese economy … real exchange rate more persistent. In addition, the authors' model underscores the importance of spillovers from China to …
Persistent link: https://www.econbiz.de/10010279857
This paper analyses the history and effectiveness of the two major mechanisms of resolution of balance of payments crisis. It argues that IMF lending has met its counter-cyclical objectives through history and has been improving in terms of providing adequate lending facilities as well as...
Persistent link: https://www.econbiz.de/10011418652
Why did Europe fail to manage the euro area crisis and what lessons can be drawn from this failure for Europe"s future? Studying the EU / IMF program that was imposed on Greece in May 2010 – the original sin of the crisis – highlights both the nature of the problem and the difficulty in...
Persistent link: https://www.econbiz.de/10014524343