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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

The renminbi's role in the global monetary system

Prasad, Eswar; Ye, Lei - 2012

) internationalization of the currency; (ii) currency convertibility; and (iii) reserve currency status. Their sequencing in relation to … attaining full convertibility or meeting other prerequisites for achieving reserve currency status. Ultimately, China will … proceed with capital account convertibility in its own controlled and gradual manner, with the goal being an open capital …

Persistent link: https://www.econbiz.de/10010282485

What determines foreign aid to Papua New Guinea? An inter-temporal model of aid allocation

Feeny, Simon - 2003

This paper models the inter-temporal allocation of foreign development aid to Papua New Guinea (PNG). A formal theoretical model of aid allocation is developed, in which aid to any one country is determined jointly with aid to all other recipient countries. This is recognized in the econometric...

Persistent link: https://www.econbiz.de/10010279298

Reforming Trade Policy in Papua New Guinea and the Pacific Islands

Anderson, Kym; Bosworth, Michael - 2009

The countries of the South Pacific have struggled to generate sustainable economic growth since their independence. Interventionist policies have failed in the past here, as they have in all other regions. Business and government leaders in this region are now beginning to acknowledge - as has...

Persistent link: https://www.econbiz.de/10011902300

Financial fragility and exchange rate arrangements of EU candidate countries

Gabrisch, Hubert - 2002

Persistent link: https://www.econbiz.de/10010316362

A return to the convertibility principle? Monetary and fiscal regimes in historical perspective. The international evidence

Bordo, Michael D.; Jonung, Lars - 2000

the past, a monetary regime based on the commitment to convertibility of the domestic currency into specie, the … 'convertibility principle', was the prevailing pattern in the world economy. According to this principle, the fiscal regime is … the 'convertibility principle' and in many countries has been geared towards domestic stabilization goals, especially that …

Persistent link: https://www.econbiz.de/10010281355

A DSGE model for a SOE with systematic interest and foreign exchange policy in which policymakers exploit the risk premium for stabilization purposes

Escudé, Guillermo J. - 2012

This paper builds a DSGE model for a small open economy (SOE) in which the central bank systematically intervenes both the domestic currency bond and the FX markets using two policy rules: a Taylor-type rule and a second rule in which the operational target is the rate of nominal currency...

Persistent link: https://www.econbiz.de/10010310074

A DSGE model for a SOE with systematic interest and foreign exchange policies in which policymakers exploit the risk premium for stabilization purposes

Escudé, Guillermo J. - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-30, pp. 1-110

This paper builds a DSGE model for a small open economy (SOE) in which the central bank intervenes the domestic currency bond and FX markets using two policy rules: a Taylor-type rule and a rule that determines the rate of nominal depreciation. The 2 'corner' regimes, in which only one policy...

Persistent link: https://www.econbiz.de/10010317972

China: Understanding a new global economic player

Siebert, Horst - 2006

This paper analyzes China's economic performance in the last 25 years and discusses its prospect for growth in the future. China has enjoyed high annual GDP growth rates of about ten percent in the last 25 years. Exports and investment were the two driving forces of the growth process. FDI plays...

Persistent link: https://www.econbiz.de/10010273126

Russian agri-food sector: 16 months after the breakdown of the monetary system

Poganietz, Witold-Roger - 2000

In August 1998 the Russian foreign exchange market and financial system collapsed. As a consequence the rouble devaluated in real terms against the currencies of the main trade partners, generating an output push in the agri-food sector. This improved the financial health of most producer, thus...

Persistent link: https://www.econbiz.de/10010299436