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This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US dollar exchange rate regimes remain pervasive and...
Persistent link: https://www.econbiz.de/10011605019
reference to China and India, with their very distinctive public policy approaches. Much of the economics literature either does …
Persistent link: https://www.econbiz.de/10010397192
This paper analyses regional growth in Eastern Europe in the second half of the 1990s, when regional disparities sharply increased. We aim to identify the factors behind growth and investigate in particular the role of (foreign) investment, education and innovation as well as geographical...
Persistent link: https://www.econbiz.de/10010301178
We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth … regional gaps in China as well as an efficient means to promote economic growth. …
Persistent link: https://www.econbiz.de/10010268707
Concerns about the duration of China's growth and hence the question of a permanent significant contribution of China … to world economic growth relate, amongst other things, to the problem of reducing regional disparity in China. While … China's high average growth is driven by a small number of rapidly developing provinces, the majority of provinces have …
Persistent link: https://www.econbiz.de/10010273441
We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth … regional gaps in China as well as an efficient means to promote economic growth. …
Persistent link: https://www.econbiz.de/10010273849
This paper documents the financial and institutional developments of China during the past two decades, when China was … examine the relationship between financial development and economic growth in China by employing a panel sample covering 31 … markets, institutions, and instruments have been robustly associated with economic growth in China. – institutions ; growth …
Persistent link: https://www.econbiz.de/10010284671
Emerging economies have been subject to abrupt reversals in capital inflows, which have adverse consequences for economic activity and financial stability. An important question for policymakers is how to respond to a sudden loss of external financing and its negative effects on the domestic...
Persistent link: https://www.econbiz.de/10010322619
This article examines changes in the exchange rate expectations associated with capital controls and banking regulations in a group of emerging countries that implemented these measures to control the adverse effects of sudden capital flows on their currencies. The evidence suggests that for...
Persistent link: https://www.econbiz.de/10010322632
This paper explains why domestic debt composition in emerging economies is risky. It carries out an analysis of the determinants of ‘domestic’ original sin, which refers to the inability of emerging economies to borrow domestically in local currency, at long maturities and fixed interest...
Persistent link: https://www.econbiz.de/10011604606