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trade regime, exchange rate, credit and interest rate policies - were largely unnecessary or excessive. …
Persistent link: https://www.econbiz.de/10005475020
The paper investigates the impact of exchange rates on US foreign direct investment (FDI) flows to a sample of 16 …: the value of the local currency (a cheaper currency attracts FDI); expected changes in the exchange rate (expected … devaluation implies FDI is postponed); and exchange rate volatility (discourages FDI). The results reveal a negative relationship …
Persistent link: https://www.econbiz.de/10005001314
Persistent link: https://www.econbiz.de/10005031895
We analyse the business cycles in China and in selected OECD countries between 1992 and 2006. We show that, although negative correlation dominates for nearly all countries, we can also see large differences for various frequencies of cyclical developments. On the one hand, nearly all OECD...
Persistent link: https://www.econbiz.de/10005059903
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This paper investigates the macroeconomic challenges created by a surge in aid inflows. It develops an analytical framework for examining possible policy responses to increased aid, in terms of absorption and spending of aid?where the central bank controls absorption through monetary policy and...
Persistent link: https://www.econbiz.de/10005033224
This paper analyses the rationale of interventions in foreign exchange markets in Sub-Saharan Africa and reviews exchange rate theory and balance of payments management and its application to African countries. It analyses the liberalization of foreign exchange markets and the impact of these...
Persistent link: https://www.econbiz.de/10005625519