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This paper argues that China's exchange rate policy played a critical role in its FDI boom. Devaluation of the Yuan … (Renminbi) and the policy of pegging the Yuan to the Dollar both improved China's competitiveness in attracting Foreign Direct … Japanese direct investment in China. The devaluation of the Yuan substantially enhanced inflows of direct investment from Japan …
Persistent link: https://www.econbiz.de/10014061589
, namely the People's Republic of China (PRC) and India. The paper also discusses the reforms of institutional (domestic and …
Persistent link: https://www.econbiz.de/10013082540
This paper examines the nexus between capital flows and real exchange rate (RER) in emerging Asian countries using a dynamic panel-data model for 2000–2009. In contrast to previous studies, capital flows here are separated into foreign direct investment (FDI), portfolio investment, and other...
Persistent link: https://www.econbiz.de/10008658810
'Global imbalances' are almost universally regarded as a disequilibrium phenomenon. Caballero, Farhi, and Gourinchas (2008) challenge this notion with their dynamic general equilibrium model of global imbalances. The authors conclude that current account deficit nations need not worry about...
Persistent link: https://www.econbiz.de/10009383585
In this article we study the impact of real effective exchange rate misalignments, based on determinants, including different types of foreign capital inflows, on GDP growth in the EU. This can provide a useful contribution to understanding the causal link between inflows, real effective...
Persistent link: https://www.econbiz.de/10012991781
In this article we study the impact of real effective exchange rate misalignments, based on determinants, including different types of foreign capital inflows, on GDP growth in the EU. This can provide a useful contribution to understanding the causal link between inflows, real effective...
Persistent link: https://www.econbiz.de/10012992272
In this article we study the impact of real effective exchange rate misalignments, based on determinants, including different types of foreign capital inflows, on GDP growth in the EU. This can provide a useful contribution to understanding the causal link between inflows, real effective...
Persistent link: https://www.econbiz.de/10012992878
Vietnam has integrated into global value chains through the establishment of special economic zones (SEZs). This paper examines the local labour-market impacts of this programme, building on a unique dataset of SEZs in combination with labour force survey (LFS) data. Using historical satellite...
Persistent link: https://www.econbiz.de/10014425426
This paper adopts an alternative approach to the study of the impact of capital inflow on the real exchange rate by foremost, analysing the effect of FDI inflow on the ratio of tradables to nontradables, and then estimating the relationship between the tradable‐nontradable ratio and the real...
Persistent link: https://www.econbiz.de/10014119005
developed and developing countries over the 1990-2015 period. We benchmark the unit labor costs to China and estimate the impact …
Persistent link: https://www.econbiz.de/10012262304