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Even though globalization benefits less developed countries (LDCs), it also makes them more vulnerable to the exogenous shocks to the economies. Many LDCs rely on imported technologies and intermediate inputs to compete in the international export markets with better quality and cost efficient...
Persistent link: https://www.econbiz.de/10009365410
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134348
With the rise of the People’s Republic of China (PRC) as the world’s largest trading nation (measured by trade value) and second largest economic power (measured by GDP), its economic influence over the neighboring emerging economies in East Asia has also risen. The PRC introduced...
Persistent link: https://www.econbiz.de/10011134381
In this paper, we examine capital account openness and exchange rate flexibility in 11 Asian economies. Asia has made slow progress in de jure capital account openness, but has made much more progress in de facto capital account openness. While there has been a gradual increase in exchange rate...
Persistent link: https://www.econbiz.de/10009365470
This paper revisits the issue of exchange rate regimes in emerging Asia. It is divided into two main parts. The first part compares de jure and de facto exchange rate regimes in Asia over the decade 1999–2009. It finds that while Asia is home to a wide array of exchange rate...
Persistent link: https://www.econbiz.de/10009651619
This paper revisits the issue of exchange rate regimes in emerging Asia. It is divided into two main parts. The first part compares de jure and de facto exchange rate regimes in Asia over the decade 1999–2009. It finds that while Asia is home to a wide array of exchange rate...
Persistent link: https://www.econbiz.de/10009651660
policy, be used to attain a "flexible" inflation target. Flexibility in this context means that the authorities also care …
Persistent link: https://www.econbiz.de/10009365422
macroeconomic developments regarding economic growth, inflation, external balance, the fiscal situation and aggregate savings and …
Persistent link: https://www.econbiz.de/10009363919
postGreat Depression period, later made way to monetary policy led stabilisation approach in the period of high inflation of … taxes, counteracting inflation entailed reducing spending or raising taxes. The growing importance of monetary policy and … to maintain a stable and low rate of inflation, high capacity utilisation to sustain a low rate of unemployment, and a …
Persistent link: https://www.econbiz.de/10009365531
As the countries in East Asia embark on financial liberalization, a key issue that confronts policymakers is the greater complexity of risks that is injected into the financial system. In particular, capital account liberalization may potentially increase the vulnerability of individual...
Persistent link: https://www.econbiz.de/10009363869