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The Renminbi's Role in the Global Monetary System
Prasad, Eswar S. - 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/10013110844
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The Effectiveness of Interventions to Reduce Informality in Low- and Middle Income Countries
Jessen, Jonas - 2019
Labor markets in low- and middle income countries are characterized by high levels of informality. A multitude of interventions have therefore been implemented in many countries with the objective to increase the formalization of firms and workers, including information campaigns, simplification...
Persistent link: https://www.econbiz.de/10012865842
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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/10014083735
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On the Exchange Rate and Economic Policy Uncertainty Nexus : A Panel VAR Approach for Emerging Markets
Abid, Abir - 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/10012831210
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On Monetary and Non-Monetary Interventions to Combat Corruption
Banerjee, Ritwik - 2017
The paper studies the relative effectiveness of extrinsic monetary disincentives and intrinsic non-monetary disincentives to corruption. In doing so, we also test the Beckarian prediction that at the same level of expected payoff, a low probability of detection with high penalty is a stronger...
Persistent link: https://www.econbiz.de/10012960284
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Fixed Exchange-Rate Policy and Real Wage Growth : Quasi-Experimental Evidence
Andini, Corrado - 2014
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian full-time workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10013039598
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How Economic, Political and Institutional Factors Influence the Choice of Exchange Rate Regimes? New Evidence from Selected Countries of the MENA Region
Maraoui, Nejia; Amor, Thouraya; Khefacha, Islem; Rault, … - 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/10014083736
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Un Interventions : The Role of Geography
Duque, Juan C. - 2014
This paper argues that UN military interventions are geographically biased. For every 1,000 kilometers of distance from the three Western permanent UNSC members (France, UK, US), the probability of a UN military intervention decreases by 4 percent. We are able to rule out several alternative...
Persistent link: https://www.econbiz.de/10013056248
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Democratization and civil liberties : the role of violence during the transition
Cervellati, Matteo; Fortunato, Piergiuseppe; Sunde, Uwe - 2011
This paper investigates the role of violent civil conflicts during the process of democratization for the quality of emerging democracies, and in particular, the protection of civil (political and economic) liberties. A simple theory in which different groups may engage in violent conflict in...
Persistent link: https://www.econbiz.de/10009124075
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Asabiyya : Re-Interpreting Value Change in Globalized Societies
Heshmati, Almas; Tausch, Arno - 2009
. The World Values Survey provided a data framework of global value change, whose quantitative results led members of the … parcel of a larger set of traditional values. With the free available country-wide data from the World Values Survey, we re …/Welzel, 2003, 2003. A frequently asked question is whether “modernization” without “spiritual values” in a globalized world economy …
Persistent link: https://www.econbiz.de/10014203179