Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … undervaluation of the currency boost the overall productivity level in the economy? If so, does this “undervaluation … support to the TFP growth channel: a 10% increase in undervaluation enhances growth on average by 0.14% via an improvement in …

Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … undervaluation of the currency boost the overall productivity level in the economy? If so, does this “undervaluation … support to the TFP growth channel: a 10% increase in undervaluation enhances growth on average by 0.14% via an improvement in …

gaining strength slowly in a turbulent world, on the potential of the Renminbi to become a Reserve Currency, and on the future …China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in … the U.S. which leads to a broader concern about how the current reserve system basically entails China lending to the U …

This is the 2007 Edition of the only book in print in the world about the Single Global Currency, and is the only book … currency areas to trade. That system has become far more sophisticated in the meantime and handles $3.2 trillion per day; but … it is very expensive and risky. It is now time to replace that system with a single global currency. In a 3-G world with …

exports and boost growth. This view, however, is not supported by the most prominent economic models, which do not predict a … positive relationship between real undervaluation and economic growth. I propose a 3-sector model with labor market frictions … undervaluation (measured as deviations from PPP) is positively associated with GDP and manufacturing growth in countries with lower …

the end of this year. This is the fastest growth in the Western Hemisphere for this period, and among the highest growth … Brazil, which has had less than half as much growth over the same period. …

since the Partido Acción Nacional (PAN) party took power nearly 12 years ago; and the longer-term trends of economic growth …

. Two of the country’s largest sources of foreign earnings, petroleum exports and remittances from abroad, crashed during … the global recession. Furthermore, lacking its own currency, the government’s options for responding were limited. But … reached its 20-year growth trend. This paper takes a detailed look at the fiscal, monetary, and other economic and social …

Venezuela’s current growth is generally described as unsustainable, with various negative scenarios put forth … could be sustained, or even accelerated. It finds that Venezuela’s current economic growth is sustainable and could continue …

enhance the SDR’s role make it unlikely that ambitious aspirations for this “quasi-currency” will be realized. Moreover, the … system requires the dominance of a single currency, namely the U.S. dollar. To a significant extent, U.S. dollar dominance is … the result of specific policy choices by individual countries (for example, export-led growth strategies, close links to …