<title>A<sc>bstract</sc> </title> The nominal and real exchange rates are key relative prices within and between economies. Their volatility and gyrations can have significant cumulative effects on the development pattern of financially integrated economies. The article documents the linkage between global risk...

China has undergone a deep, although gradual, process of reform of its financial system and exchange rate regime while avoiding large speculative inflows and uncontrolled real appreciation through non-monetary anti-inflationary policies, low interest rates and capital account controls. These...

Innovation, Unemployment and Policy in the Theories of Growth and Distribution increases our understanding about the more relevant economic determinants and policy aspects of the interdependence between economic growth and income distribution.