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Economic adjustment and reform programs, including those supported by international financial institutions (IFIs), must cope with informational asymmetries and special interest politics. This presents a particularly serious issue when IFIs make structural economic reforms a condition for...
Persistent link: https://www.econbiz.de/10014400737
This paper examines stabilization policies in Vietnam, Cambodia, and Laos since the late 1980s. Compared with other …
Persistent link: https://www.econbiz.de/10014397811
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
Asia and China made disproportionate contributions to the slowdown of global trade growth in 2015. China's import …'s rebalancing are estimated for some 60 countries using value-added trade data, and are found to be more negative on Asia and …
Persistent link: https://www.econbiz.de/10011711412
Persistent link: https://www.econbiz.de/10009726530
developing Asia, have strengthened economic links between the Far East and Saudi Arabia. Second, financial sector development in … developing Asia’s growth cycle for the Saudi economy, while the latter suggests greater influence of U.S. monetary policy on the … non-oil economy through the peg to the U.S dollar. As a result, divergence between the growth cycles in developing Asia …
Persistent link: https://www.econbiz.de/10014395361
Persistent link: https://www.econbiz.de/10011373979
What are the constraints that have stalled EMs efforts to reuse their securities in international financial centers? We discuss the economics of collateral re-use and the present institutional structure in Asian and Latin American countries. Our empirical investigation suggests pledgeability...
Persistent link: https://www.econbiz.de/10012604765
Over the last two decades, world trade and production have become increasingly organized around global value chains (GVC). Recent theoretical work has shown that countries can benefit from participation in GVCs through multiple channels. However, little is known empirically about the economic...
Persistent link: https://www.econbiz.de/10012001583
trade might be called the ""missing globalization puzzle."" This puzzle is most apparent in the estimated distance … evidence of globalization, on both cross-section and panel data, reflected in a variety of measures of geography. Our …
Persistent link: https://www.econbiz.de/10014401460