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model and recent practices of The People's Bank of China, we also present the New Macro-Financial Policy Framework (New MFPF …
Persistent link: https://www.econbiz.de/10012959018
This paper investigates the relationship between the collapse timing of exchange rate regime and degree of substitutability of foreign currency for domestic currency as a medium of exchange. According to the spirit of Chen et al. (1981), Tsaur (1987), Chang et al. (1991), we set up a...
Persistent link: https://www.econbiz.de/10008555941
This paper extends the theoretical model of Liaw et al. (2004) to incorporate the supply shocks of output. For a country adopting dual floating exchange rate system and facing the supply shocks will cause the price level to increase persistently. If the price level reaches the price ceiling...
Persistent link: https://www.econbiz.de/10008555951
This paper briefly surveys the development of international finance theories after the 1960s. The important theories reviewed in this paper include: exchange rate dynamics, policy pre-announcement, first-generation currency crises, intertemporal optimizing model, exchange rate target zones,...
Persistent link: https://www.econbiz.de/10008555975
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China-US trade war and Russia's invasion of Ukraine, are further rattling the food market. As the world's largest consumer … of agricultural goods, China's trade strategies influence world markets, with ripple-down effects for consumers around … the world, particularly in the Global South. This policy brief aims at shedding light on China's current market actions …
Persistent link: https://www.econbiz.de/10014419582
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