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The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In section two the functions, benefits, and costs of a leading international currency are discussed. In section three key determinants for the continuous dominance of the US dollar...
Persistent link: https://www.econbiz.de/10013136590
China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in … the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U … initiatives put forward over the past year by China and others to begin a serious discussion of reforming the international …
Persistent link: https://www.econbiz.de/10008567957
renminbi appreciation is not likely to fix either the trade imbalance with China or overall. Though these perceived benefits of …China-bashing has become a popular media and political sport. This is largely due to the U.S. trade imbalance and the … belief, by some, that China is responsible for it because it manipulates its currency to hold down the dollar prices of its …
Persistent link: https://www.econbiz.de/10005836812
India and China are without doubt two superpowers in becoming, as they jointly own 40% of the world’s population and … economic development of states in the globalization era relies decisively on the evolution of political interests games at … present in the following some recent economic earmarks of India’s, respectively China’s development, as well as, in conclusion …
Persistent link: https://www.econbiz.de/10011259988
In his Inquiry into the Nature and Causes of the Wealth of Nations Adam Smith (1776) considered the phenomenon of division of labor so enormously significant for the creation of a nation’s wealth that he devoted the first three chapters of his book to an investigation of this process. This is...
Persistent link: https://www.econbiz.de/10008596380
This essay has explored the validity of Marxist dependency theories in the context of the emerging China-Africa trade … patterns, this discussion has shown that the China-Africa economic links represent a distinct south-south dialectic occurring … the idea that China’s involvement in Africa is of a conventional center-periphery type; which suggests the existence of …
Persistent link: https://www.econbiz.de/10005621967
subcontractors. These new tendencies that include productive globalization, China and the new production chains require the … is the leader in productive globalization (electronic commerce, subcontracting, and commercialization), (ii) the … production of vehicles in China and in East Asia is adding dynamism to the market and provoking strategy changes, and (iii) the …
Persistent link: https://www.econbiz.de/10005623484
This paper provides a succinct introduction to the internationalisation of the renminbi, a subject of increasing … importance in the economics of China. It attempts to shed light on the following questions: Why do non-Chinese residents have … incentives to hold renminbi-denominated assets and liabilities? How do non-Chinese residents acquire renminbi-denominated assets …
Persistent link: https://www.econbiz.de/10011109509
Since the beginning of the decade, numerous economic and monetary unification projects have aroused a lot of interest. The reinforcement of economic and monetary integration, especially in Europe, has set a trend for the creation of a monetary union in many others regions of the world. Since...
Persistent link: https://www.econbiz.de/10011260997
This paper analyzes stabilization policy under predetermined exchange rates in a cash-in-advance, staggered-prices model. Under full credibility, a reduction in the rate of devaluation results in an immediate and permanent reduction in the inflation rate, with no effect on output or consumption....
Persistent link: https://www.econbiz.de/10008596363