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The nexus of BRI and internationalization of renminbi (RMB)
Ly, Bora - In: Cogent Business & Management 7 (2020) 1, pp. 1-21
structure for the RMB, developing crude oil futures. Incorporating the RMB into the SDR, BRI, and the establishment of AIIB …
Persistent link: https://www.econbiz.de/10012657214
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International monetary reform: A critical appraisal of some proposals
Park, Yung Chul; Wyplosz, Charles - 2012
deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as …
Persistent link: https://www.econbiz.de/10010397211
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New Paradigms in Monetary Theory and Policy?
Balling, Morten; Llewellyn, David T.; Orphanides, Athanasios - 2012
On 11-12 May 2011, SUERF and the Belgian Financial Forum, in association with the Brussels Finance Institute and the Centre for European Policy Studies (CEPS) organized the 29th SUERF Colloquium “New Paradigms in Money and Finance?” All the papers in the present SUERF Study are based on...
Persistent link: https://www.econbiz.de/10011689952
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On the inclusion of the Chinese Renminbi in the SDR basket
Bénassy-Quéré, Agnès; Capelle, Damien - 2012
This paper studies the impact of a broadening of the SDR basket to the Chinese currency on the composition and …. If the objective is to reinforce the attractiveness of the SDR as a unit of account and a store of value through more … stability, then a broadening of the SDR to the RMB could be appropriate, provided some flexibility is introduced in the Chinese …
Persistent link: https://www.econbiz.de/10010290137
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Needs-based targeting or favoritism? The regional allocation of multilateral aid within recipient countries
Öhler, Hannes; Nunnenkamp, Peter - 2013
The regional allocation of aid within recipient countries has been largely ignored in the aid allocation literature. We use geocoded data on the location of aid projects financed by the World Bank and the African Development Bank within a sample of 27 recipient countries to assess the claim of...
Persistent link: https://www.econbiz.de/10010292636
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The development and implementation of IMF and World Bank conditionality
Dreher, Axel - 2002
The paper presents a detailed description of IMF and World Bank conditionality and tries to explain changes in this conditionality over time as well as differences between the two institutions. Using panel data it is shown that the number of Fund conditions seem to be influenced by...
Persistent link: https://www.econbiz.de/10010295488
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The Contribution of the IMF and the World Bank to Economic Freedom
Boockmann, Bernhard; Dreher, Axel - 2002
We analyse the effect of IMF and World Bank policies on the composite index of economic freedom by Gwartney et al. (2000) as well as its sub-indexes, using a panel of 85 countries observed between 1970 and 1997. With respect to the Bank, we find that the number of projects has a positive impact...
Persistent link: https://www.econbiz.de/10010298103
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The costs of favoritism: Is politically-driven aid less effective?
Dreher, Axel; Klasen, Stephan; Raymond, James; Werker, Eric - 2010
As is now well documented, aid is given for both political as well as economic reasons. The conventional wisdom is that politically-motivated aid is less effective in promoting developmental objectives. We examine the ex-post performance ratings of World Bank projects and generally find that...
Persistent link: https://www.econbiz.de/10010302713
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A counterfactual decomposition analysis of immigrants-natives earnings in Malaysia
Anees, Muhammad; Sajjad, Muhammad; Ahmed, Ishfaq - 2011
Economics of discrimination has been the topic of interest of many in the last decade or two. Human capital theory … theorem of labour economics. Islamic theology also dictates paying labour well in time and equal to their productivity not …
Persistent link: https://www.econbiz.de/10010307551
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BRICs in the global economy under the prism of economic nationalism of IPE
Roukanas, Spyros A.; Diamantis, Gabriel V. - In: International Journal of Economic Sciences and Applied … 7 (2014) 1, pp. 51-67
The international economic crisis which began in 2007 has limited developed countries’ growth rates and manifested debt crises in certain economies in the Eurozone. It is the aim of this article to analyze the role that the BRIC group of nations has played in international financial...
Persistent link: https://www.econbiz.de/10011310262