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The renminbi's role in the global monetary system
Prasad, Eswar; Ye, Lei - 2012
changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will …
Persistent link: https://www.econbiz.de/10010282485
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International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10010271575
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Distributional Effects of Macroeconomic Policy Choices in Emerging Market Economies
Prasad, Eswar - 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/10010328965
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Is an Army of Robots Marching on Chinese Jobs?
Giuntella, Osea; Wang, Tianyi - 2019
report from the World Bank (2016), 1.8 billion jobs in developing countries are susceptible to automation. Given the … market. Using aggregate data from Chinese prefectural cities (2000-2016) and individual longitudinal data from China, we find …
Persistent link: https://www.econbiz.de/10012005982
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Does human capital protect workers against exogenous shocks? South Africa in the 2008 - 2009 crisis
Leung, Ron; Stampini, Marco; Vencatachellum, Désiré - 2009
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10010269538
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Wage rigidity and disinflation in emerging countries
Messina, Julián; Sanz-de-Galdeano, Anna - 2011
This paper examines the consequences of rapid disinflation for downward wage rigidities in two emerging countries, Brazil and Uruguay, relying on high quality matched employer-employee administrative data. Downward nominal wage rigidities are more important in Uruguay, while wage indexation is...
Persistent link: https://www.econbiz.de/10010278390
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How did the great recession affect different types of workers? Evidence from 17 middle-income countries
Cho, Yoonyoung; Newhouse, David - 2011
This paper examines how different types of workers in 17 middle-income countries were affected by labor market retrenchment during the great recession. Impacts on different types of workers varied by country and were only weakly related to the severity of the shock. Among active workers, youth...
Persistent link: https://www.econbiz.de/10010278487
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Lower and Upper Bound Estimates of Inequality of Opportunity for Emerging Economies
Hufe, Paul; Peichl, Andreas; Weishaar, Daniel - 2021
Equality of opportunity is an important normative ideal of distributive justice. In spite of its wide acceptance and economic relevance, standard estimation approaches suffer from data limitations that can lead to both downward and upward biased estimates of inequality of opportunity. These...
Persistent link: https://www.econbiz.de/10012658259
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Does Human Capital Protect Workers against Exogenous Shocks? South Africa in the 2008-2009 Crisis
Leung, Ron; Stampini, Marco; Vencatachellum, Désiré - Institute for the Study of Labor (IZA) - 2009
The financial and economic crisis of 2008 and 2009 has taken its toll on the South African economy. The economy contracted for the first time since 1998, and entered recession during the fourth quarter of 2008. The GDP contraction was soon transmitted to the labor market. Between the second...
Persistent link: https://www.econbiz.de/10008514864
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries
Cho, Yoonyoung; Newhouse, David - Institute for the Study of Labor (IZA) - 2011
This paper examines how different types of workers in 17 middle-income countries were affected by labor market retrenchment during the great recession. Impacts on different types of workers varied by country and were only weakly related to the severity of the shock. Among active workers, youth...
Persistent link: https://www.econbiz.de/10009003937