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Moving to Greater Exchange Rate Flexibility; Operational Aspects Based on Lessons from Detailed Country Experiences
Ötker, Inci - International Monetary Fund (IMF) - 2007
Many countries have moved towards more flexible exchange rate regimes over the last decade to take advantage of greater monetary policy autonomy and flexibility in responding to external shocks. Some reluctance to let go of pegged exchange rates persists, however, despite the benefits of...
Persistent link: https://www.econbiz.de/10005767365
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Renminbising China's foreign assets
Cheung, Yin-Wong; Ma, Guonan; McCauley, Robert N. - 2010
Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...
Persistent link: https://www.econbiz.de/10010270641
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Renminbising China's Foreign Assets
Cheung, Yin-Wong; Ma, Guonan; McCauley, Robert N. - CESifo - 2010
Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...
Persistent link: https://www.econbiz.de/10008583735
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Sovereign Wealth Funds : A Critical Analysis
Balin, Bryan J. - 2009
In recent months, sovereign wealth funds have received much attention and criticism on the world stage. This paper analyzes these funds from a multidimensional perspective, showing their relative size, origins, history, strategies, and what regulatory oversight they have. Next, it examines why...
Persistent link: https://www.econbiz.de/10013156131
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Bailouts, Capital, or CoCos : Can Contingent Convertible Bonds Help Banks Cope with Financial Stress?
Eisenbeis, Robert - 2019
Since the 2008 financial crisis, banking regulators' capital enhancement efforts have focused on permitting systemically important financial institutions to issue alternative forms of debt and quasi-debt instruments as a means of meeting their Basel III primary capital (Tier 1) and secondary...
Persistent link: https://www.econbiz.de/10012857978
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Corruption, International Business Transactions and the OECD
Juriansz, John Francis; Nehme, Marina - 2013
In 1997, the Organisation for Economic Co-operation and Development (OECD) adopted the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (‘Convention’) which required each member state to make foreign bribery a crime in their respective...
Persistent link: https://www.econbiz.de/10014154923
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Exchange Rate Uncertainty and the Microeconomic Benefits of Emu
Friberg, Richard; Vredin, Anders - 1998
This paper attempts to review the argument that EMU leads to benefits from lower exchange rate uncertainty. Two …, there is the macroeconomic question of how EMU affects uncertainty. Most of the paper is devoted to the first question. For … following facts speak against the idea that EMU will be beneficial for Swedish firms: firms can adjust to exchange rate …
Persistent link: https://www.econbiz.de/10014075028
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In Search of the Origin of Original Sin Dissipation
Han, Bada; Lee, Jangyoun; Oh, Taehee - 2023
In this paper, we examine how emerging market economies have gained the ability to borrow abroad in local currency, as opposed to the 'original sin' hypothesis. We empirically analyze various economic variables in relation to the association with local currency debt and identify three crucial...
Persistent link: https://www.econbiz.de/10014346383
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On the Relevance of Exchange Rate Regimes for Stabilization Policy
Adão, Bernardino; Correia, Isabel Horta; Teles, Pedro - Banco de Portugal - 2006
This paper assesses the relevance of the exchange rate regime for stabilization policy. This regime question cannot be dealt with independently of other institutions, in particular how .fiscal policy is designed. We show that once .fiscal policy is taken into account, the exchange rate regime is...
Persistent link: https://www.econbiz.de/10008457333
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'Lex Specialis' in WTO and Investment Protection Law
Gourgourinis, Anastasios - 2013
Persistent link: https://www.econbiz.de/10013094565