This paper tries to understand the structural transformation in a global world. While employment and output have shifted out of the industrial sector and into services in the G7 countries, the majority of world manufacturing employment is now located in the developing countries of Asia,...

This paper investigates the evolution of China's exchange rate regime after the announced shift to a managed floating exchange rate regime with reference to a basket of currencies in July 2005. We find that the RMB basket is essentially a one currency basket of the US dollar. In view of this...

The Indian economy reached the trillion US dollar GDP milestone in 2007 and joined other countries of the trillion dollar club, namely, the US, UK, Japan, Germany, China, France, Italy, Spain, Canada, Brazil and Russia. In fact, over the period 1960 to the late 1980s, India’s GDP in US...

This paper assesses whether the international monetary system is already tripolar and centred around the US dollar, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi is already the dominant currency in Asia,...

This paper assesses whether the international monetary system is already tri-polar and centred around the US dollar, the euro and the Chinese renminbi (RMB). It focuses on what we call China’s" dominance hypothesis", i.e. whether the renminbi is already the dominant currency in Asia, exerting...

Im ifo-Konjunkturtest International vom Januar 1990 beurteilten die Experten aus 54 Ländern die Wirtschaftslage zwar im Durchschnitt zufriedenstellend, jedoch leicht schlechter als im Oktober 1989. In den Industrie- und Entwicklungsländern blieb das Wirtschaftsklima auf hohem bzw. niedrigem...