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, China has been backed into a situation where the renminbi is expected to go ever higher against the dollar, and this one … policies. Although seemingly narrowly focused on China, our contribution to Alexander's fete straddles both themes. Since 2004 … resulting monetary explosion in China contributes to the worldwide increase in primary commodity prices - with excess liquidity …
Persistent link: https://www.econbiz.de/10010304732
Import competition from China is pervasive in the sense that for many good categories, the competitive environment that …. This paper quantifies the effect of the government-controlled appreciation of the Chinese renminbi vis-à-vis the USD from …. Simulations incorporating these microeconomic findings reveal that a substantial revaluation of the renminbi would result in a …
Persistent link: https://www.econbiz.de/10011430113
glut" observed in the era of advancing financial globalization. The supposed paradox is that the developing world has …
Persistent link: https://www.econbiz.de/10010266438
This study assesses macroeconomic volatility in Costa Rica, based largely on politically weak governments` inability or unwillingness to effect key reforms. Notable problems include volatility-prone fiscal and monetary policy, structurally weak public finances due to large domestic debts and...
Persistent link: https://www.econbiz.de/10010327135
rate stability and monetary autonomy) continues to be a valid macroeconomic framework. The financial globalization during … financial globalization has been the growing exposure of developing countries to costly capital flights and deleveraging crises …
Persistent link: https://www.econbiz.de/10010288118
Persistent link: https://www.econbiz.de/10010318671
We study the labor market effects of bilateral exchange rate realignment. We place emphasis on the composition of trade, the role of intermediates, and the underlying conditions of the labor market. Employment effects hinge on the fraction exported to and imported from the trading partner. A...
Persistent link: https://www.econbiz.de/10010294878
The paper assesses the international status of the Chinese currency renminbi (RMB) by recounting and reviewing the … recent polices China instituted to promote the use of the RMB in the global market. The evidence suggests that the RMB is …
Persistent link: https://www.econbiz.de/10010288170
This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion...
Persistent link: https://www.econbiz.de/10011807660
Complex mortgages became a popular borrowing instrument during the bullish housing market of the early 2000s but vanished rapidly during the subsequent downturn. These non-traditional loans (interest only, negative amortization, and teaser mortgages) enable households to postpone loan repayment...
Persistent link: https://www.econbiz.de/10010292189