Showing 1 - 10 of 253
. The announcement in March 2007 that China would open an SWF, with an initial investment of US $200 billion, substantially …
Persistent link: https://www.econbiz.de/10009363668
Though there has been much general debate recently about the pros and cons of capital controls, there remains substantial confusion and uncertainty about what exactly is entailed by the term restraining global capital flows. Popular discussion around this has typically been long on rhetoric and...
Persistent link: https://www.econbiz.de/10009363953
China is rising as a major source of outward direct investment (ODI), but barriers to and protectionism against Chinese … investment have been strengthened as well. This situation reflects inherent flaws in the architecture governing international … investment. This paper identifies three of China’s key interests in the global investment regime : (1) to reduce investment …
Persistent link: https://www.econbiz.de/10011134326
We present a theoretical framework for policy making based on the “impossible trinity†or the “trilemma†hypothesis. A simple optimization model shows that placing more weight in terms of preference for each of the three open macroeconomic policies—exchange rate...
Persistent link: https://www.econbiz.de/10010857585
trilemma policy configurations and external finances affect output volatility mainly through the investment channel. While a … higher degree of exchange rate stability could stabilize the real exchange rate movement, it could also make investment … volatile, though the volatility-enhancing effect of exchange rate stability on investment can be cancelled by holding higher …
Persistent link: https://www.econbiz.de/10009363366
are best understood in relation to one another. We confine ourselves to intraregional patterns of trade and investment but …
Persistent link: https://www.econbiz.de/10009363581
In this paper I review the use of precautionary measures aimed at mitigating emerging markets exposure to fragility associated with financial integration. The discussion draws possible lessons from the ongoing global liquidity crisis. The fear of losing international reserves (IR) constrained...
Persistent link: https://www.econbiz.de/10009363868
Realizing its importance, the South Asian region has also embarked upon various processes of regional economic integration. However, the South Asian regional integration process is fraught with difficulties, especially due to a lack of understanding about the very economics of regional economic...
Persistent link: https://www.econbiz.de/10009363951
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially with respect to manufacturing trade, have gone further and that this is likely...
Persistent link: https://www.econbiz.de/10009365111
It is generally believed that Japan's cost-oriented and export-oriented direct investment has introduced a bilateral … exports the product to Japan. Based on investment and trade data in the machinery sector, this paper discusses whether Japan …'s market-oriented investment in China since 2000 has changed the structure of the trade between two countries. We conclude that …
Persistent link: https://www.econbiz.de/10009365153