currency composition of China's international assets and liabilities. These factors include, among others, underlying valuation …

) 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 … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …

acceptance of the de facto convertibility of YTL. They may also create an opportunity for the Turkish economy to mitigate …

From 1995 to 2001 Russia witnessed an asset market boom, a deep financial crisis, and a surprisingly forceful recovery …. An event study of this episode provides important insights for Emerging Market investment and Russia's medium … investment. The gap between stabilization ambition and structural reality made the currency increasingly vulnerable. Also, the …

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …