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China's exchange rate impasse and the weak U.S. dollar
McKinnon, Ronald; Schnabl, Gunther - 2008
, 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
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The Networks of Inter-Industry Flows in a Sam Framework
Santos, Susana - 2018
The networks of nominal flows between industries in a Social Accounting Matrix (SAM) framework are studied. The flows of the SAM submatrices of production (or output of goods and services) and intermediate consumption, are identified, which are constructed from the supply and use tables of the...
Persistent link: https://www.econbiz.de/10012907867
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Renminbi going global
Chen, Xiaoli; Cheung, Yin-Wong - 2011
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
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Surfing the waves of globalization: Asia and financial globalization in the context of the trilemma
Aizenman, Joshua; Chinn, Menzie D.; Ito, Hiro - 2011
Using the trilemma indexes developed by Aizenman et al. (2010) that measure the extent of achievement in each of the three policy goals in the trilemma - monetary independence, exchange rate stability, and financial openness - we examine how policy configurations affect macroeconomic...
Persistent link: https://www.econbiz.de/10010331079
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Is the Chinese currency substantially misaligned to warrant further appreciation?
Qin, Duo; He, Xinhua - 2010
This study provides quarterly time-series estimates of the misalignment in the REER of the Renminbi (RMB). The …
Persistent link: https://www.econbiz.de/10010280745
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Deindustrialization from the center perspective: US trade and manufacturing in the last two decades
Rodousakis, Nikolaos; Yajima, Giuliano Toshiro; Soklis, … - 2024
We argue that the US trade and industry sector has experienced several unsustainable sectoral processes, including (i) a fall in the trade balance in machinery and equipment and high-tech (HT) industries, (ii) a rise in import multipliers in machinery and equipment and HT industries, (iii) a...
Persistent link: https://www.econbiz.de/10014581744
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Exploring the Philippine economic landscape and structural change using the input-output framework
Magtibay-Ramos, Nedelyn; Estrada, Gemma; Felipe, Jesus - 2010
This paper explores the degree of structural change of the Philippine economy using the inputoutput framework. It examines how linkages among economic sectors evolved over 1979-2000, and identifies which economic sectors exhibited the highest intersectoral linkages. We find that manufacturing is...
Persistent link: https://www.econbiz.de/10010286535
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Labor productivity and the law of decreasing labor content
Flaschel, Peter; Franke, Reiner; Veneziani, Roberto - 2010
This paper analyzes labor productivity and the law of decreasing labor content (LDLC) originally formulated by Farjoun and Machover (1983). First, it is shown that the standard measures of labor productivity may be rather misleading, owing to their emphasis on monetary aggregates. Instead, the...
Persistent link: https://www.econbiz.de/10010287873
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Bilateral Exchange Rates and Jobs
Bekkers, Eddy; Francois, Joseph - 2012
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
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The Two-pillar policy for the RMB
Jermann, Urban J.; Wei, Bin; Yue, Vivian Z. - 2019
We document stylized facts about China's recent exchange rate policy for its currency, the renminbi (RMB). Our …
Persistent link: https://www.econbiz.de/10012030290