Showing 1 - 10 of 405
The People’s Republic of China’s (PRC) skyrocketing demand for oil has become a global issue of marked significance in … both disciplines is China’s ongoing development of strategic petroleum stockpiles. That China should and will stockpile oil … is certain, but what sort of system China should employ remains unclear. To provide insight into the questions and …
Persistent link: https://www.econbiz.de/10009438457
This study tests the theory that currency crises are associated with sudden large changes in the structure of foreign exchange market volatility. Due to increases in market uncertainty, crisis periods exhibit abnormally high levels of volatility. By studying short-term changes in volatility...
Persistent link: https://www.econbiz.de/10009480480
China’'s economic reforms, which began in 1978, resulted in remarkable income growth, and urban Chinese consumers have … China. Both parametric and nonparametric methods are used to test for structural change in aggregate household data from …
Persistent link: https://www.econbiz.de/10009443092
This paper examines the emergence of firm-celebrity, both an intangible-asset, and a facilitator of competitive advantage. Institutional approaches have asserted that organizations from the same organizational field and characterized by comparable structural positions face similar structural...
Persistent link: https://www.econbiz.de/10009477384
One of the defining trends in international finance over the last two decades has been the unprecedented growth in the levels of international reserves accumulated by emerging nations. In a global financial system characterized by market failures and sudden stops, many developing countries have...
Persistent link: https://www.econbiz.de/10009468233
Artículo de revista ; As in other countries, the effect of the pandemic and the global recession on the Turkish economy was mitigated by the fiscal, financial and monetary support implemented by the country’s authorities. In fact, Turkey was one of the few economies of significant size to...
Persistent link: https://www.econbiz.de/10012525887
The continued rise in oil prices since 2002 has resulted in a significant increase in export revenue for oil exporting countries. This increase in the price of oil and other commodities means that OPEC countries and Russia have received, between 2003 and 2006, a windfall of 1.3 trillon dollars...
Persistent link: https://www.econbiz.de/10012529525
This paper assesses whether domestic costs of reserve accumulation -and in particular monetary costs- constitute an eventual limit to the process in emerging markets. We find that sterilization is the first measure to deal with these costs. Then, we turn to study whether diminishing ability to...
Persistent link: https://www.econbiz.de/10012530161
Sovereign external assets (SEAs) comprise foreign exchange reserves and sovereign wealth funds (SWFs). The global stock of reserves reached 7 $trn in the second quarter of 2008, but data on SWF are rather elusive. Our estimation puts the SWFs at around 2,5 $trn dollars by 2007 and in the last...
Persistent link: https://www.econbiz.de/10012530231
This paper explores the role of international reserves as a stabilizer of international capital flows during periods of global financial stress. In contrast with previous contributions, aimed at explaining net capital flows, we focus on the behavior of gross capital flows. We analyze an...
Persistent link: https://www.econbiz.de/10012530245