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The role of the yen in the International financial system is reconsidered from a comparative (historical) approach. Compared with the D-Mark in the postwar years, the limited use of the yen results not so much from regulations on capital movements as from the structure and behavior of Japanese...
Persistent link: https://www.econbiz.de/10014398125
This paper takes stock of the evolution of the international monetary system over the last thousand years. Several points stand out from the analysis. One is the reluctance of governments to embrace radical changes in international monetary relations. Another is the conflict between external and...
Persistent link: https://www.econbiz.de/10014399905
This paper analyzes the effects of exchange rate volatility on bilateral trade flows. Through use of a gravity model and panel data from western Europe, exchange rate uncertainty is found to have a negative effect on international trade. The results seem to be robust with respect to the...
Persistent link: https://www.econbiz.de/10014403368
, the U.S. real interest rate and real exchange rate, U.S. GDP growth, and world commodity prices) that explain much of the …
Persistent link: https://www.econbiz.de/10011843378
a world economy that was characterized by widespread restrictions on international capital mobility. In contrast, the …
Persistent link: https://www.econbiz.de/10014400701
contributions to global trade growth have come from East Asian countries in the developing world and the Euro area in the developed … world. Merchandise trade, which in recent years has been less resilient than services trade, picked up, growing by 4 …
Persistent link: https://www.econbiz.de/10012645268
Solar radiation is essentially a free resource available anywhere on Earth, to a greater or lesser extent. Solar PV power plants convert solar radiation into electricity. In the current era of global climate change, PV technology becomes an opportunity for countries and communities to transform...
Persistent link: https://www.econbiz.de/10012647326
The global database developed as an integral part of the World Bank's research project on Distortions to Agricultural … world's population, farmers, agricultural output and total Gross Domestic Product (GDP). They also account for more than 85 … NRAs by showing two sets of Box plots for 1955-84 and 1985-2007, one set for various regions of the world, the other for …
Persistent link: https://www.econbiz.de/10012246930
Persistent link: https://www.econbiz.de/10012169439
The sheer size of mandated trade among members of the Council for Mutual Economic Assistance (CMEA), and its composition and quality, means that its reorientation toward other markets entails a whole complex of structural adjustment policies. To be successful, policy reform must be...
Persistent link: https://www.econbiz.de/10014396289