Im November dieses Jahres sollen auf dem G-20-Gipfel in Cannes Vorschläge zur Reform des internationalen Währungssystems vorgelegt werden. Wie sollte ein zukünftiges globales Wechselkursregime gestaltet werden? Jörg Asmussen, Staatssekretär im Bundesministerium der Finanzen, unterstreicht,...

Im November dieses Jahres sollen auf dem G-20-Gipfel in Cannes Vorschläge zur Reform des internationalen Währungssystems vorgelegt werden. Wie sollte ein zukünftiges globales Wechselkursregime gestaltet werden? Jörg Asmussen, Staatssekretär im Bundesministerium der Finanzen, unterstreicht,...

We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the exchange rate and the trade balance of an international creditor economy. The stable nominal yuan/dollar rate is argued to have stabilized Chinese, East Asian and global growth....

We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the exchange rate and the trade balance of an international creditor economy. The stable nominal yuan/dollar rate is argued to have stabilized Chinese, East Asian and global growth....

China keeps its exchange rate tightly fixed to the dollar. Its productivity growth and trade surplus have been high, and it continues to accumulate large dollar reserves. Many observers take this as evidence that the renminbi is undervalued and should be appreciated to reduce the Chinese trade...

This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European (CEE) EU candidate countries. The panel estimations for the period between 1994 and 2002 show that de facto measures of exchange rate stability have a better explanatory power...

The East Asian monetary integration process is at the crossroads. Given very benign liquidity conditions in the US, the prevailing common US dollar peg has contributed to growing macroeconomic and financial instability in the region. This has sparked demands to embark on an independent monetary...

We test for the impact of exchange rate volatility on growth in emerging market economies based on the theory of optimum currency areas. Our findings provide evidence for a positive impact of exchange rate stability on growth. -- OCA ; growth