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China's trade surplus is often heavily criticized in political and economic debates, accompanied by claims for a … revaluation of the Chinese currency, the Renminbi (RMB). While the main arguments exchanged in the current discourse appear to … investigating bilateral trade balances between China and 11 of her main trading partners. Being the first to use structural …
Persistent link: https://www.econbiz.de/10012899706
In this paper we study the determinants of gross capital flows, project the size of China's international investment … positions in 2020 and analyse the implications for the renminbi real exchange rates. We assume in this exercise that the … renminbi will have largely achieved capital account convertibility by the end of this decade, a timetable consistent with …
Persistent link: https://www.econbiz.de/10013107558
The beer industry is one of the businesses affected during the COVID-19 pandemic. Despite the exponential growth of the … beer industry throughout the years, this aspect of the beverage industry has gained limited attention and has been … underexplored. This study aimed to provide a better and up-to-date understanding of Philippine-beer consumers to speed up its …
Persistent link: https://www.econbiz.de/10013368865
Persistent link: https://www.econbiz.de/10012404512
Persistent link: https://www.econbiz.de/10013488882
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a … China. The paper explores the current role of China's nominal exchange rate stabilization as stabilizing factor for China … policy coordination between China and the US. The exit from unconventional low interest rate policies in the US combined with …
Persistent link: https://www.econbiz.de/10009012482
This report identifies a set of policy lessons for China today drawn from the experience of financial deregulation … exercise. Based on the Scandinavian experience and the added complexity of China's status as a transition economy, financial …
Persistent link: https://www.econbiz.de/10013156608
This paper applies nonlinear econometric models to empirically investigate the effectiveness of the Reserve Bank of Australia (RBA) exchange rate policy. First, results from a STARTZ model are provided revealing nonlinear mean reversion of the Australian dollar exchange rate in the sense that...
Persistent link: https://www.econbiz.de/10010300359
This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...
Persistent link: https://www.econbiz.de/10010274725
We develop a new set of indexes of exchange rate stability, monetary policy independence, and financial market openness as the metrics for the trilemma hypothesis. In our exploration, we take a different and more nuanced approach than the previous indexes developed by Aizenman, Chinn, and Ito...
Persistent link: https://www.econbiz.de/10010397206