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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
With 10-minute data from Nov 2014 to Jan 2015, a threshold autoregression (TAR) model is estimated to assess the exchange rate differential between onshore and offshore RMB market, and the following result is in order. (i) The threshold effect is verifed during sample period, around 40 bps on...
Persistent link: https://www.econbiz.de/10011271327
Building upon earlier work by Willenbockel (2013; MPRA Paper No.51501), this study provides an extended ex-ante computable general equilibrium (CGE) assessment of the Tripartite Free Trade Agreement between the member states of the Common Market for Eastern and Southern Africa, the East African...
Persistent link: https://www.econbiz.de/10012894604
globalization restrict states' capacity to manipulate trade policies, politicization of trade is likely to occur where governments … intervene in markets. We examine state ownership of firms as one tool of government control. Taking China and India as examples …
Persistent link: https://www.econbiz.de/10012978766
The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...
Persistent link: https://www.econbiz.de/10014118027
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