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Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia
Sandri, Damiano - 2011
A reduction in the U.S. current account deficit vis-à-vis emerging Asia involves a shift in demand from U.S. to emerging Asia tradable goods and a change in international relative prices. This paper quantifies the required adjustment in the terms of trade and real exchange rates in a...
Persistent link: https://www.econbiz.de/10011779741
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Current account rebalancing and real exchange rate adjustment between the U.S. and emerging Asia
Méjean, Isabelle; Rabanal, Pau; Sandri, Damiano - 2011
Persistent link: https://www.econbiz.de/10009487129
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Accounting for reserves
Bayoumi, Tamim A.; Saborowski, Christian - 2012
Views on the effectiveness of sterilized reserve intervention vary. Sterilized intervention is generally seen as ineffective in advanced countries while persistent intervention by some emerging markets is often cited as contributing to undervalued exchange rates and current account surpluses....
Persistent link: https://www.econbiz.de/10012671070
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Revisiting the potential impact to the rest of the Caribbean from opening US-Cuba tourism
Acevedo, Sebastian; Alleyne, Trevor; Romeu, Rafael - 2017
The Cuban revolution and the subsequent US embargo on Cuba helped shape the tourism sector in the Caribbean … towards a change in US travel policy to Cuba is understandable, but likely unwarranted. The history of tourism in the region … that liberalizing US-Cuba tourism could result in US arrivals to Cuba of between 3 and 5.6 million, most of it coming from …
Persistent link: https://www.econbiz.de/10011704403
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Recession and policy transmission to Latin American tourism : does expanded travel to Cuba offset crisis spillovers?
Romeu, Rafael; Wolfe, Andy - 2011
This study measures the impact of changing economic conditions in OECD countries on tourist arrivals to countries/destinations in Latin America and the Caribbean. A model of utility maximization across labor, consumption of goods and services at home, and consumption of tourism services across...
Persistent link: https://www.econbiz.de/10009487105
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Recession and Policy Transmission to Latin American tourism : Does Expanded Travel to Cuba offset Crisis Spillovers?
Wolfe, Andrew M. - 2011
easing of restrictions on U.S. travel to Cuba, supported a small (countercyclical) boost to Cuba’s arrivals of U.S. non …-family travel, as well as a pre-existing surge in family travel (of Cuban origin). Despite the US becoming Cuba’s second highest …
Persistent link: https://www.econbiz.de/10014402905
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The Fall and Recovery of the Cuban Economy in the 1990's : Mirage or Reality?
Hernández-Catá, Ernesto - 2001
The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a strong recovery in 1994-96. There are three possible explanations for this recovery: (i) that it never took place; (ii) that it reflected a surge in productivity resulting from stabilization and...
Persistent link: https://www.econbiz.de/10014403633
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Optimal fiscal spending and reserve accumulation policies under volatile aid
Moldovan, Ioana R.; Yang, Shu-Chun S.; Zanna, Luis-Felipe - 2019
This paper assesses the optimal setting of fiscal spending and foreign exchange rate intervention policies in response to volatile foreign aid, in a small open economy model that incorporates typical features of low-income countries. Within a class of policy rules, it jointly considers the...
Persistent link: https://www.econbiz.de/10012102039
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Drivers of Peru's equilibrium real exchange rate : is the Nuevo Sol a commodity currency?
Tashu, Melesse - 2015
Persistent link: https://www.econbiz.de/10011282772
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Official financial flows, capital mobility, and global imbalances
Bayoumi, Tamim A.; Gagnon, Joseph E.; Saborowski, Christian - 2014
Persistent link: https://www.econbiz.de/10010441945