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The Strategy of Reform in the Previously Centrally-Planned Economies of Eastern Europe: Lessons and Challenges
Borensztein, Eduardo - International Monetary Fund (IMF) - 1993
Persistent link: https://www.econbiz.de/10005264270
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Yen Bloc or Yuan Bloc; An Analysis of Currency Arrangements in East Asia
Shirono, Kazuko - International Monetary Fund (IMF) - 2009
This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to … generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …
Persistent link: https://www.econbiz.de/10005826046
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Czech Koruna and Polish Zloty; Spot and Currency Option Volatility Patterns
Morales, Armando Méndez - International Monetary Fund (IMF) - 2001
Exchange rate flexibility has facilitated an impressively fast insertion of the Czech koruna and the Polish zloty into the global currency market. However, exchange rate volatility patterns differ: Lower volatility is observed for the koruna against the euro relative to the U.S. dollar, while...
Persistent link: https://www.econbiz.de/10005826189
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Social Protection, Labor Market Rigidity, and Enterprise Restructuring in China
Hu, Zuliu - International Monetary Fund (IMF) - 1994
Persistent link: https://www.econbiz.de/10005264263
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Developing Essential Financial Markets in Smaller Economies; Stylized Facts and Policy Options
International Monetary Fund (IMF); International … - 2008
This paper surveys the foreign exchange markets, money and secondary government security markets, and stock exchanges in 107 smaller economy countries. The underdevelopment of these markets impedes risk transfer, monetary policy, corporate financing, and the capacity to absorb capital inflows....
Persistent link: https://www.econbiz.de/10011245902
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Financial Integration and Rebalancing in Asia
Unteroberdoerster, Olaf; Pongsaparn, Runchana - International Monetary Fund (IMF) - 2011
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by various measures. The paper also provides empirical evidence that greater financial integration can support economic rebalancing in statistically meaningful ways. The implication...
Persistent link: https://www.econbiz.de/10009369446
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The External Wealth of Nations Mark II; Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004
Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2006
We construct estimates of external assets and liabilities for 145 countries for the period 1970-2004. We describe our estimation methods and present key features of the data at the country and the global level. We focus on trends in net and gross external positions, and the composition of...
Persistent link: https://www.econbiz.de/10005826601
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International Financial Integration
Lane, Philip R.; Milesi-Ferretti, Gian-Maria - International Monetary Fund (IMF) - 2003
In recent decades, the foreign assets and liabilities of advanced economies have grown rapidly relative to GDP, with the increase in gross cross-holdings far exceeding changes in the size of net positions. Moreover, the portfolio equity and FDI categories have grown in importance relative to...
Persistent link: https://www.econbiz.de/10005768766
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A Global View of the U.S. Investment Position
Swiston, Andrew - International Monetary Fund (IMF) - 2005
This paper analyzes various indicators of the U.S. international investment position from a portfolio perspective. The 1990s saw a decline in home bias, which, coupled with rapid financial deepening, led to a large increase in gross international investment holdings. The home bias of non-U.S....
Persistent link: https://www.econbiz.de/10005769170
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Effects of Financial Globalization on Developing Countries; Some Empirical Evidence
Kose, M. Ayhan; Rogoff, Kenneth; Prasad, Eswar; Wei, … - International Monetary Fund (IMF) - 2003
in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880