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The difficulties of the Chinese and Indian exchange rate regimes
Patnaik, Ila; Shah, Ajay - East Asian Bureau of Economic Research (EABER) - 2009
China and India have both attempted distorting the exchange rate in order to foster exports-led growth. This is … in real terms) in both India and China. We find that through the great business cycle boom of the early 2000s, both …
Persistent link: https://www.econbiz.de/10009365475
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Debt Policy and Economic Growth in a Small Open Economy Model with Productive Government Spending
Futagami, Koichi; Hori, Takeo; Ohdoi, Ryoji - East Asian Bureau of Economic Research (EABER) - 2010
In this paper, we examine the effects of introducing constraints on government borrowing using a continuous-time overlapping generations model of a small open economy. We consider government placing constraints on the amount of government bonds outstanding by establishing an upper limit, or...
Persistent link: https://www.econbiz.de/10009363913
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Exchange Rate Cooperation in East Asia – Why a Basket Approach may be best
Wilson, Peter - East Asian Bureau of Economic Research (EABER) - 2007
In the aftermath of the Asian financial crisis, the issue of the choice of exchange rate regime for East Asian (EA) countries re-emerged. The crisis had demonstrated, amongst other things, that unilateral exchange rate regimes (including de facto dollar pegging) hadnt coped very well in the...
Persistent link: https://www.econbiz.de/10009363989
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Asia Confronts the Impossible Trinity
Patnaik, Ila; Shah, Ajay - East Asian Bureau of Economic Research (EABER) - 2010
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
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Deflationary Expansion : an Overshooting Perspective to the Recent Business Cycle in China
Gong, Gang; Lin, Justin Yifu - East Asian Bureau of Economic Research (EABER) - 2005
Deflationary expansion has puzzled economists both in and outside China. We study this business cycles phenomenon within a model of discrete time dynamics. We find that deflationary expansion could be possible if driven by an overshooting in investing and if the state of the economy maintains...
Persistent link: https://www.econbiz.de/10009363924
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The Global Financial Crisis and Macroeconomic Policy Issues in Asia
Takagi, Shinji - East Asian Bureau of Economic Research (EABER) - 2009
the Peoples Republic of China (PRC) and India were severely affected, with growth in those countries expected to fall from …
Persistent link: https://www.econbiz.de/10009363974
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INFLATION TARGETING ARRANGEMENTS IN ASIA : EXPLORING THE ROLE OF THE EXCHANGE RATE
Cavoli, Tony; Rajan, Ramkishen S. - East Asian Bureau of Economic Research (EABER) - 2006
introduced is by a country adopting an open economy inflation targeting arrangement. This particular policy regime has been … officially implemented in several Asian countries in recent years, but the normative implications of inflation targeting appear … of the issues relevant to Asian central banks implementing an inflation targeting arrangement with specific focus on the …
Persistent link: https://www.econbiz.de/10009364006
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Analytical Review of Bangladesh’s Macroeconomic Performance in Fiscal Year 2011â€12
East Asian Bureau of Economic Research (EABER); … - 2012
. Deepening stresses in public finance management c. Unabated price inflation, and d. Increasing pressure on the balance of …
Persistent link: https://www.econbiz.de/10009493315
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Insecurities of the old and marginalized : Inflation, Oil Shocks, Financial Crisis and Social Security
Goyal, Ashima - East Asian Bureau of Economic Research (EABER) - 2009
been moderate in India, compared to other emerging markets. Since the polity is averse to high inflation, and commodity …The paper examines the impact of recent inflation and financial shocks on the vulnerable, and explores policy design to … reduce both future shocks and vulnerability to shocks. Inflation affects the typical savings cum pension portfolio and the …
Persistent link: https://www.econbiz.de/10009363830
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Sub-Prime Financial Crisis and US Policy Choices
Oh, Yonghyup; Song, Wonho - East Asian Bureau of Economic Research (EABER) - 2008
debts combined with a high rate of inflation show a difficult situation US policy makers face. At an international scene …
Persistent link: https://www.econbiz.de/10009363856