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The renminbi's role in the global monetary system

Prasad, Eswar S.; Ye, Lei - 2012

We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i) "internationalization" of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to other policy goals such as financial sector...

Persistent link: https://www.econbiz.de/10009530739

The yen exchange rate and the hollowing out of the Japanese industry

Belke, Ansgar; Volz, Ulrich - 2019

Since the demise of the Bretton Woods system, the yen has seen several episodes of strong appreciation, including in … been associated with "expensive yen recessions" resulting from negative effects on exports; since the late 1980s, the … strong yen has also raised concerns about a de-industrialisation of the Japanese economy. Against this backdrop, the paper …

Persistent link: https://www.econbiz.de/10012099480

Distributional effects of monetary policy in emerging market economies

Prasad, Eswar S.; Zhang, Boyang - 2015

We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...

Persistent link: https://www.econbiz.de/10011309046

On the exchange rate and economic policy uncertainty nexus: a panel VAR approach for emerging markets

Abid, Abir; Rault, Christophe - 2020

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...

Persistent link: https://www.econbiz.de/10012239005

Distributional effects of macroeconomic policy choices in emerging market economies

Prasad, Eswar S. - 2013

Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since financial markets are incomplete, imperfect, and economic agents' access to them is often...

Persistent link: https://www.econbiz.de/10010222156

Would a Euro's depreciation improve the French economy?

Magnani, Riccardo; Piccoli, Luca; Carré, Martine; … - 2017

In this paper, we use a Micro-Macro model to evaluate the effects of a euro's depreciation on the French economy, both at the macro and micro level. Our Micro-Macro model consists of a Microsimulation model that includes an arithmetical model for the French fiscal system and two behavioral...

Persistent link: https://www.econbiz.de/10011738884

How economic, political and institutional factors influence the choice of exchange rate regimes? : new evidence from selected countries of the MENA region

Maraoui, Najia; Hadj Amor, Thouraya; Khefacha, Islem; … - 2022

In this paper, we investigate how economic, political and institutional factors affect the choice of exchange rate regimes, using data on eight MENA (Middle East and North Africa) countries over the 1984-2016 period. Specifically, we run random-effects ordered probit regressions of the...

Persistent link: https://www.econbiz.de/10013186745

The impacts of the dollar-renminbi exchange rate misalignment on the China-United States commodity trade : an asymmetric analysis

Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, … - 2022

Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...

Persistent link: https://www.econbiz.de/10013187157

Does globalisation increase child labour?

Cigno, Alessandro; Rosati, Furio Camillo; Guarcello, Lorenzo - 2002

There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant effect on child labour. Consistently with the theory, a...

Persistent link: https://www.econbiz.de/10011410919

In-group cooperation in a hostile environment : an economic perspective on some aspects of Jewish life in (pre-modern) diaspora

Rapoport, Hillel; Weiss, Avi - 2002

The demographic history of the Jews in the Middle Ages may be characterized by two main phenomena: i) a sharp drop in the number of Jews until the beginning of the modern period, due mainly to conversions; and, ii) early urbanization. Until now, these features have been analyzed as primarily...

Persistent link: https://www.econbiz.de/10011411192

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