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History shows that governments usually rethink their views on international macroeconomic cooperation after the emergence of a crisis. The response of the Asian countries after the speculative attacks occurred in 1997 may be considered as another example after the European ERM crisis in 1992-93....
Persistent link: https://www.econbiz.de/10014114963
Along with the steady pace of RMB internationalization, this paper proposes Taiwan as a potential candidate to become … the next RMB offshore center. We review the main drivers behind Hong Kong's success and set the reasons why Taiwan could … follow such steps. First, Taiwan's economic ties with China are substantial both in trade and FDI and they are set to be …
Persistent link: https://www.econbiz.de/10013083189
Taiwan was the first developing country to adopt an export-oriented trade strategy after World War II. The factors …, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal with its chronic …. Y. Yin, fought for the adoption of Tsiang’s proposal, helping clear the way for Taiwan’s phenomenal growth in trade …
Persistent link: https://www.econbiz.de/10013213509
Taiwan was perhaps the first developing country to adopt an export-oriented trade strategy after World War II. The …. In 1954, economist S. C. Tsiang proposed that Taiwan boost export earnings rather than squeeze import spending to deal … later, a leading policymaker, K. Y. Yin, fought for the adoption of Tsiang's proposal, helping clear the way for Taiwan …
Persistent link: https://www.econbiz.de/10012629518
Persistent link: https://www.econbiz.de/10012610900
Persistent link: https://www.econbiz.de/10013257838
case studies of currency crises in Hong Kong, South Korea, Thailand, and Taiwan show that considering actors …
Persistent link: https://www.econbiz.de/10013032441
Voluminous theoretical and empirical research shows that real exchange rate (RER) undervaluation could be conducive to economic development. Why do countries then often avoid the pursuit of policies that facilitate undervaluation or even intentionally pursue RER overvaluation? We address this...
Persistent link: https://www.econbiz.de/10013328137
We study the apparent disconnect between what countries announce to be their exchange rate regime and what they de facto implement. Even though discrepancies between announcements and de facto polices are frequent, there is a lack of understanding of actual patterns and underlying reasons. We...
Persistent link: https://www.econbiz.de/10003951455
Der vorliegende Diskussionsbeitrag entstand im Rahmen eines Forschungsprojektes über die monetäre Integration von fünf mittel- und osteuropäischen EU-Beitrittskandidaten (Estland, Polen, Slowenien, Tschechische Republik und Ungarn). Während die vorangegangenen Kapitel des Projekts die Vor-...
Persistent link: https://www.econbiz.de/10010508244