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This paper utilizes data for African countries to analyze the extent to which financial development affects the dynamics of the relationship between exchange rate flexibility and economic growth. The findings indicate that financial development exerts a positive influence on the relationship...
Persistent link: https://www.econbiz.de/10012912272
developing countries in the world economy and the emerging multi-polar growth setting. It evaluates the stability of the current …
Persistent link: https://www.econbiz.de/10012975233
The authors investigate the origins of the East Asian crisis and its contagion, examine the channels of contagion, and discuss policy recommendationsThey make detailed recommendations in the context of nine general lessons learned from the East Asian crisis. 1) Preventing crises and contagion:...
Persistent link: https://www.econbiz.de/10012946752
seignorage revenues to pay for the bailout of the banking system. In a world of forward-looking agents, this makes a currency …
Persistent link: https://www.econbiz.de/10014212487
Credibility and transparency are at the core of the current debate about exchange rate regimes. The steady growth in the magnitude and variability of international capital flows has complicated the question of whether to use floating, fixed, or intermediate exchange rate regimes. Emerging market...
Persistent link: https://www.econbiz.de/10012746900
and developing economies' increased financial integration with the rest of the world. As a result, country …
Persistent link: https://www.econbiz.de/10012946754
This paper examines how fiscal rules, exchange rate regimes, and institutional quality affect the cyclical behavior of fiscal policy (how government spending responds to fluctuations in gross domestic product). The analysis is performed on a panel of 153 advanced, emerging, and developing...
Persistent link: https://www.econbiz.de/10012865083
and private sector principals frequently and intensively use this institutional channel to lobby on trade and tourism … of Caribbean tourism and it is the first paper to examine the potential for using foreign lobbying as a vehicle for …
Persistent link: https://www.econbiz.de/10012747695
Tourism is an important source of foreign exchange and employment across developing economies. A scant literature has … explored the relationship between tourism and the advent of the internet. This paper contributes to the tourism …-trade literature and studies the empirical relationship between international tourism and the adoption of digital technologies that …
Persistent link: https://www.econbiz.de/10012841603
Caribbean Sea is the most important vehicle and the most challenging obstacle Caribbean countries have to connect with the world … to promote Caribbean tourism. This has led to suboptimal routing based on distorting subsidy schemes with often …
Persistent link: https://www.econbiz.de/10012972239