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economies. India's experience with U.S. tapering offers insights into what to expect. This paper estimates the contribution of …
Persistent link: https://www.econbiz.de/10012971974
This paper studies the relationship between the growth of China and India in world merchandise trade and Latin American … and Caribbean commercial flows from two perspectives. First, the authors focus on the opportunity that China and India … and Caribbean exports of non-fuel merchandise. In general, China's and to a large extent India's growing presence in world …
Persistent link: https://www.econbiz.de/10012747645
The paper is about the art of exchange rate management by central banks. It begins by reviewing the diversity of objectives and practices of central bank intervention in the foreign exchange market. Central banks typically exercise discretion in determining when and to what extent to intervene....
Persistent link: https://www.econbiz.de/10012974370
There is a renewed debate on the role of exchange rate policies as an industrial policy tool in both academic and policy circles. Policy practitioners usually examine real exchange rate misalignments to monitor the behavior of this key relative price and, if possible, exploit distortions in the...
Persistent link: https://www.econbiz.de/10012975532
Intervention operations in the foreign exchange market are used by the Banco Central de Reserva del Peru to manage both the level and volatility of their exchange rates. The Banco Central de Reserva del Peru provides information to the market about the specific hours of the day interventions...
Persistent link: https://www.econbiz.de/10012976143
In this analytical sequel to quot;A Typology of Foreign Exchange Auction Markets in sub-Saharan Africaquot; , the authors compare the micromanagement of different foreign exchange auctions in sub-Saharan Africa. Multi-unit auctions for foreign exchange were introduced in a number of countries in...
Persistent link: https://www.econbiz.de/10012746914
This paper studies the question of whether exchange rate policy affects the impact of remittances on economic growth in recipient countries. The paper utilizes a comprehensive data set that comprises annual observations for 135 developing and transition countries, spanning 1970-2007. The data...
Persistent link: https://www.econbiz.de/10012966409
This paper analyzes the role of the United States in the global economy and examines the extent of global spillovers from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and economic policies. Developments in the U.S. economy, the world's largest,...
Persistent link: https://www.econbiz.de/10012963512
A strong regulatory framework can provide essential tools for remote transactions and improve trust in digital trade. Yet, regulations can also introduce restrictions that hamper the conditions for digital markets. Based on a database of 20 Middle East and North Africa countries and 20...
Persistent link: https://www.econbiz.de/10012838264
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241