Similar Search Results

A Faith-based Initiative : Does a Flexible Exchange Rate Regime Really Facilitate Current Account Adjustment?

Chinn, Menzie D. - 2008

The assertion that a flexible exchange rate regime would facilitate current account adjustment is often repeated in policy circles. In this paper, we compile a data set encompassing data for over 170 countries are included, over the 1971-2005 period, and examine whether the rate of current...

Persistent link: https://www.econbiz.de/10012464227

A Forensic Analysis of Global Imbalances

Chinn, Menzie D. - 2011

reduction. For China, financial development might help shrink its current account surplus, but only when it is coupled with …

Persistent link: https://www.econbiz.de/10012461144

Pitfalls in Measuring Exchange Rate Misalignment : The Yuan and Other Currencies

Cheung, Yin-Wong - 2008

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Persistent link: https://www.econbiz.de/10012464479

What Matters for Financial Development? Capital Controls, Institutions, and Interactions

Chinn, Menzie D. - 2005

We extend our earlier work, focusing on the links between capital account liberalization, legal and institutional development, and financial development, especially that in equity markets. In a panel data analysis encompassing 108 countries and twenty years ranging from 1980 to 2000, we explore...

Persistent link: https://www.econbiz.de/10012467313

A Decomposition of Global Linkages in Financial Markets Over Time

Forbes, Kristin J. - 2003

This paper tests if real and financial linkages between countries can explain why movements in the world's largest … between the world's 5 largest economies and about 40 other markets to decompose the cross-country factor loadings into: direct … to be the most important determinant of how movements in the world's largest markets affect financial markets around the …

Persistent link: https://www.econbiz.de/10012469145

The Chinese Economies in Global Context : The Integration Process and Its Determinants

Cheung, Yin-Wong - 2003

The linkages between the People's Republic of China (PRC) and the other Chinese economies of Hong Kong and Taiwan are …

Persistent link: https://www.econbiz.de/10012468647

Monetary Policy Spillovers and the Trilemma in the New Normal : Periphery Country Sensitivity to Core Country Conditions

Aizenman, Joshua - 2015

) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two …

Persistent link: https://www.econbiz.de/10012457538

Medium-Term Determinants of Current Accounts in Industrial and Developing Countries : An Empirical Exploration

Chinn, Menzie D. - 2000

This paper provides an empirical investigation of the medium-term determinants of current accounts for a large sample of industrial and developing countries. The analysis is based on a structural approach that highlights the roles of the fundamental macroeconomic determinants of saving and...

Persistent link: https://www.econbiz.de/10012471188

A Requiem for “Blame It on Beijing” : Interpreting Rotating Global Current Account Surpluses

Chinn, Menzie D. - 2019

Global current account imbalances have reappeared, although the extent and distribution of these imbalances are noticeably different from those experienced in the middle of the last decade. What does that recurrence mean for our understanding of the origin and nature of such imbalances? Will...

Persistent link: https://www.econbiz.de/10012480170

Three Current Account Balances : A "Semi-Structuralist" Interpretation

Chinn, Menzie D. - 2005

Three large current account imbalances -- one deficit (the United States) and two surpluses (Japan and the Euro area) -- are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...

Persistent link: https://www.econbiz.de/10012466819