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Sterilization, monetary policy, and global financial integration

Aizenman, Joshua; Glick, Reuven - 2008

This paper investigates the changing pattern and efficacy of sterilization within emerging market countries as they liberalize markets and integrate with the world economy. We estimate the marginal propensity to sterilize foreign asset accumulation associated with net balance of payments...

Persistent link: https://www.econbiz.de/10010285325

Optimal currency shares in international reserves: the impact of the euro and the prospects for the dollar

Papaioannou, Elias; Portes, Richard; Siourounis, Gregorios - 2006

market countries (Brazil, Russia, India and China), adding constraints that reflect a central bank’s desire to hold a sizable …

Persistent link: https://www.econbiz.de/10011604740

The British foreign exchange reserves puzzle

Hüfner, Felix P. - 2000

The British foreign exchange reserves decreased by 40 percent during the period August 1996-December 1999 although the Pound Sterling is considered a floating exchange rate since it left the EMS in 1992. Since changes in the level of foreign exchange reserves are usually taken as indicators for...

Persistent link: https://www.econbiz.de/10010297719

Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?

Dominguez, Kathryn M. E.; Fatum, Rasmus; Vacek, Pavel - 2010

Many developing countries have increased their foreign reserve stocks dramatically in recent years, often motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper we...

Persistent link: https://www.econbiz.de/10010320995

Anticipated effects of foreign currency reserve diversification in Asian countries: Do China and India matter for coordination?

Sell, Friedrich L. - In: CESifo Forum 08 (2007) 1, pp. 32-38

Persistent link: https://www.econbiz.de/10011695859

Foreign Exchange Reserves, Exchange Rate Regimes, and Monetary Policy: Issues in Asia

Terada-Hagiwara, Akiko - 2004

is paid to People's Republic of China and India for the significance of the accumulation fed by surges in capital inflows …

Persistent link: https://www.econbiz.de/10010507186

The United States and the PRC: Macroeconomic imbalances and economic diplomacy

Levy, Philip - 2011

(US) and People's Republic of China (PRC) in the last decade. The PRC's current account surplus, its growing foreign …

Persistent link: https://www.econbiz.de/10010286090

China in the global economy

Sen, Sunanda - 2010

China occupies a unique position among developing countries. Its success in achieving relative stability in the … current global financial crisis. Over the last few years, China has been on a path of capital account opening that has drawn … introduced problems for the monetary authorities in continuing with an autonomous monetary policy in China, especially with large …

Persistent link: https://www.econbiz.de/10010286512

Studies on Issues in Political Economy since the Global Financial Crisis

Jäger, Kai - 2016

The dissertation includes four studies broadly connected to the causes and consequences of the Global Financial Crisis of 2007-8 from a political economy perspective. Following the intro-duction, Chapter 2 analyzes the political roots of massive foreign reserves accumulation, which has...

Persistent link: https://www.econbiz.de/10011698361

The sustainability of China's exchange rate policy and capital account liberalisation

Cappiello, Lorenzo; Ferrucci, Gianluigi - 2008

This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its … to avoid disruptive capital flows. The paper discusses China’s twin surpluses of the current and capital accounts and … the outlook for Chinese capital flows should barriers to capital movements be lifted. It argues that whether China …

Persistent link: https://www.econbiz.de/10011606234

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