Showing 1 - 10 of 97
Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...
Persistent link: https://www.econbiz.de/10005062412
China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the … East Asian economies (China, Japan and South Korea) is also a possibility. This document first of all presents an overview … of China’s energy sector, emphasising the strong growth in its energy demand to date and its potential for future growth …
Persistent link: https://www.econbiz.de/10005118931
. By this strategy, the country generally accumulates current account surpluses, which implies a possibility that China …
Persistent link: https://www.econbiz.de/10005062616
East Asia is one of the most important areas of tropical forests worldwide. Considerable concern has arisen that the East Asian economic crisis would result in a further worsening of the already high pressures experienced by the region’s forests. This report examines the available evidence on...
Persistent link: https://www.econbiz.de/10005062475
common market among ASEAN, China, South Korea, and Japan by establishing a free trade area covering the entire region. As the … two major countries in the region, in the arrangement, China and Japan would have centered roles in promoting economic … cooperation in East Asia. However, it is practically impossible to decide either China or Japan is capable of taking the …
Persistent link: https://www.econbiz.de/10005408050
Although most CIS and East Asian countries are de jure classified as free floaters, they de facto pursue (tight) dollar pegs. This paper emphasizes dollar denomination of short-term and long-term payment flows as reasons for exchange rate stabilization. Based on the analysis of ifcompetitive...
Persistent link: https://www.econbiz.de/10005556605
This paper shows that many East Asian firms are significantly exposed to foreign exchange risk. Their exposure appears to be much more widespread than is typical for the large, western industrialized economies. The paper also shows that exchange rate pegs appear to do little to alleviate this...
Persistent link: https://www.econbiz.de/10005556652
Asia has emerged as the balancing wheel of global finance. The countries of Asia now account for 70 per cent of global foreign exchange reserves, compared to only 30 percent in 1990 and 21 per cent in the early 1970s. This paper explores theoretical interpretations for the relatively high demand...
Persistent link: https://www.econbiz.de/10005119482
Yen-dollar fluctuations increase macroeconomic instability in small economies in East Asia. I investigate the choice of an exchange rate regime for these countries so as to minimize the adverse effects of this volatility. I build a sticky-price dynamic model of a small economy whose trade is...
Persistent link: https://www.econbiz.de/10005119497
Imperfectly credible trade liberalization can lead to balance of payment deterioration and a subsequent reversal of the reform. Therefore, this paper examines whether the likelihood of policy reversal depends on the rate of tariff reduction or the degree of labor mobility. The analysis shows...
Persistent link: https://www.econbiz.de/10005125497