Showing 1 - 10 of 1,139
This paper analyzes the changes in the structure of trade as well as the developments in the capital account of Turkey since mid-1990s and discusses the possible composition of trade flows and Turkey's attractiveness for international capital inflows in the near future. Analysis of the long-term...
Persistent link: https://www.econbiz.de/10010277267
This paper aims at analyzing the relationship between capital account liberalization,economic performance and macroeconomic stability in Brazil. For this purpose,besides a revision in the literature, the paper develops an empirical study on the effects of financial liberalization in Brazil on a...
Persistent link: https://www.econbiz.de/10010330893
This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the “equilibrium” value of the renminbi and its alleged undervaluation – typically at...
Persistent link: https://www.econbiz.de/10011606234
As the world's second largest economy, largest trading nation, and the largest foreign holder of United States (US) government bonds, the People's Republic of China (PRC) needs a currency with international status that can match its economic status in the global economy. However, sequencing is...
Persistent link: https://www.econbiz.de/10010397321
This paper investigates the relationship between capital account openness and inflation since the 1980s. It argues that widespread capital account liberalization during the last two decades appears to have contributed to the worldwide disinflation observed during the same period. The paper...
Persistent link: https://www.econbiz.de/10011807598
gekennzeichnet war, blieb Japan bis in die 90er Jahre hinein eine relativ geschlossene Volkswirtschaft. Erst mit dem Platzen der so … zur Steigerung der gesamtwirtschaftlichen Produktivität. Japan allerdings befindet sich auch nach diesem Schritt in einer … Finanzmarkt her. Empirisch lässt sich zeigen, dass in Japan die "alten" internen Institutionen auf dem Finanzmarkt auch nach der …
Persistent link: https://www.econbiz.de/10010377559
Das Ziel der umfassenden Finanzmarktreform "Financial Big Bang" in Japan war die Bildung eines international …
Persistent link: https://www.econbiz.de/10010377560
that intra-East Asian financial asset holdings of four East Asian economies - Hong Kong, China; Japan; the Republic of …
Persistent link: https://www.econbiz.de/10010507324
Persistent link: https://www.econbiz.de/10011696846
constructing synthetic control groups, we show that the "Big Bang"-deregulations in the United Kingdom in 1986 and Japan 1997 …-1999 increased the share of pre-tax incomes going to top earners by over 20 percent in the U.K. and over 10 percent in Japan. The … in Japan. The findings are robust to placebo tests, alternative ways to construct synthetic controls and scrutiny of post …
Persistent link: https://www.econbiz.de/10011794575