We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...

We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix - the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...

We use past forecast errors to construct confidence intervals around Australian Government Budget forecasts of key economic and fiscal variables. These confidence intervals provide an indication of the extent of uncertainty around the point estimate forecasts presented in the Budget.

Tobacco excise has grown strongly over the last few years as significant increases in the excise rate have been only partly offset by declining rates of smoking. This paper examines historical trends in tobacco excise, focussing on the recent past including the impact of significant policy...

We investigate the economically and statistically significant positive correlation between monthly foreign purchases of Mexican stocks and Mexican stock returns. We find that a 1 percent of market capitalization surprise foreign inflow is associated with a 13 percent increase in Mexican stock...

An approach is presented for analyzing debt-for-debt exchanges from the perspective of the exchange`s impact on the country`s contractual obligations and from the perspective of the creditors whose participation is sought. A general model is developed for valuing partially guaranteed debt...

We investigate the drivers of daily changes in the exchange value of the Chinese currency (CNY) since early 2016, when a new regime was introduced for setting the fix—the midpoint of the CNY's daily trading range against the U.S. dollar. Daily changes in the fix, which is announced just prior...

An evaluation of the Franklin County (AL) Community Corrections (FCCC) program suggests that offenders monitored in a community based setting appear to be less likely to be rearrested for serious misdemeanors or felonies than those who are supervised within institutional settings. Almost two out...

Tobacco excise has grown strongly over the last few years as significant increases in the excise rate have been only partly offset by declining rates of smoking. This paper examines historical trends in tobacco excise, focussing on the recent past including the impact of significant policy...

The OECD has been active in promoting competition policy among countries in Latin America and the Caribbean and formed a partnership with the Inter-American Development Bank to further this aim. The principal feature of this partnership has been the annual Latin American Competition Forum...