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As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they (whether one or both parties) must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular...
Persistent link: https://www.econbiz.de/10005836848
The paper is focusing on the world financial framework deterioration, as an adverse cost of the accelerated globalization of international goods & capital flows. The inclining of world monetary axis towards East by the accumulation of huge international reserves (in a few Asian countries) in...
Persistent link: https://www.econbiz.de/10008642668
International monetary system made by agreement in Bretton – Woods, is widely known to be the system of fixed exchange rates with allowed +/- 1% band of oscillation. As such, it is viewed as the period of exchange rates stability. However, our analysis of Reinhart – Rogoff’s (2004)...
Persistent link: https://www.econbiz.de/10005042697
Using a critical analysis of the acquired data, this article mainly aims to present the currency composition of the foreign currency reserves of central banks in selected countries in the 1999-2007 period and, on this basis, to establish whether the euro stands any real chances of dethroning the...
Persistent link: https://www.econbiz.de/10005616598
As globalization continues, businesses are increasingly importing and exporting from countries with different currencies. To conduct that business, they must pay fees for exchanging one currency for another and they must determine the exchange rate for a particular time. If the transaction is to...
Persistent link: https://www.econbiz.de/10005617198
This study of regional South-South (S-S) trade and cooperation in East, South and South-East Asian countries (ESSEA) aims to provide an economic rationale for S-S trade; shed some light on the extent and pattern of S-S trade in the ESSEA region; examine the dynamic forces behind the expansion of...
Persistent link: https://www.econbiz.de/10005835384
available, China is widely expected as the world’s number one host country of clean development mechanism (CDM) projects. But …, making this potential a reality represents a significant challenge for China, because there has been a general lack of …. This has raised great concern about China’s ability to compete internationally for CDM projects and exploit fully its CDM …
Persistent link: https://www.econbiz.de/10005835477
By comparing the development of landownership in China and England, this paper explores what were behind their … early China has established a unique economic system that allowed free alienation of land, but it has been trying to check … strengthening and expanding of patriarchal clan system. The different development paths of China and England show the different …
Persistent link: https://www.econbiz.de/10005835578
As China's economy grows and matures, is it developing institutional patterns that resemble those of other wealthy … evidence across countries and time, I then draw implications for China. I find that China resembles continental European …
Persistent link: https://www.econbiz.de/10005835604
economies. However, there has been a lack of empirical study of this kind on China and other developing countries. This paper … attempts to fill this gap by answering how and to what extent oil-price shocks impact China’s economy, emphasizing on the price … differentiated price control policies for materials and intermediates on the one hand and final products on the other hand in China …
Persistent link: https://www.econbiz.de/10005835871