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Although the theoretical relationships are ambiguous, evidence suggestsa strong link between the choice of the exchange rate regime and economicperformance. The paper argues that adopting a pegged exchange rate canlead to lower inflation, but also to slower growth in productivity. Itfinds that...
Persistent link: https://www.econbiz.de/10014399171
Developing countries fortunate enough to experience capital inflows haveseen rising levels of investment and enhanced economic growth. Capitalinflows have a negative side, however, in that they tend to appreciatethe domestic currency, making exports less competitive, and to encourageinflation....
Persistent link: https://www.econbiz.de/10014402762
Efforts to liberalize world trade are increasingly focusing on strengthening the links between low-income countries … developing countries to choose fuller participation in the world trading system …
Persistent link: https://www.econbiz.de/10014411036
The spectacular growth of many economies in East Asia over the past 30years has impressed the economics profession, which often refers to thesuccess of the so-called Four Tigers of the region (Hong Kong, Korea, Singapore, and Taiwan Province of China) as ""miraculous."" This papercritically...
Persistent link: https://www.econbiz.de/10014402766
This note reflects macroeconomic and fiscal forecasts presented with the April 2009 World Economic Outlook, as well as …
Persistent link: https://www.econbiz.de/10014401002
Since 1978 the Chinese economy has grown on average more than 9 percenta year. Per capita income has nearly quadrupled in the past 15 years andsome analysts predict that within 20 years the Chinese economy will belarger than that of the United States. This pamphlet analyzes the reasonsfor the...
Persistent link: https://www.econbiz.de/10014403126
by other countries, the paper also discusses options for international coordination to address the risk of mutually …
Persistent link: https://www.econbiz.de/10012644784
Benin remains at moderate risk of external debt distress. The rating is unchanged from the previous November 2018 DSA … to total public and publicly guaranteed (PPG) debt (external plus domestic), the overall risk of debt distress remains …
Persistent link: https://www.econbiz.de/10012646558
to upgrade the risk rating. Debt should be further reduced and kept at levels needed to withstand the existing …
Persistent link: https://www.econbiz.de/10012646559
An updated joint assessment of Rwanda's debt sustainability suggests continued low risk of external debt distress …. External debt burden indicators remain below risk thresholds, except for a short and temporary breach of debt service … indicators in 2023, when the Eurobond issued in 2013 matures. The main risk to debt sustainability--and macroeconomic stability …
Persistent link: https://www.econbiz.de/10012646561