Showing 1 - 10 of 609
discussion of flexibility and credibility trade-offs and exit issues. …
Persistent link: https://www.econbiz.de/10005826104
The IMF began to play a prominent role in low-income countries in the late 1970s and 1980s when many countries faced overvalued exchange rates, growing budget deficits, high inflation, and low reserves. But times have changed, and many low-income countries no longer face these problems and do...
Persistent link: https://www.econbiz.de/10005162618
The research in this paper is focus on macroeconomic analysis of trade and other relevant indicator for real economy … such as government net debt, exchange rate, interest rate, and especially the correlation between trade and growth. Today … trade is challenge for economists of small developing countries. The mail goal in this paper is theoretical analysis of some …
Persistent link: https://www.econbiz.de/10009151295
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s...
Persistent link: https://www.econbiz.de/10005252521
to their growth outlooks. For emerging markets, this financial channel trumps the trade channel. For a broader set of … developing countries, however, the trade channel seems to have mattered, with countries exporting more advanced manufacturing …
Persistent link: https://www.econbiz.de/10008561079
of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …
Persistent link: https://www.econbiz.de/10005825636
This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...
Persistent link: https://www.econbiz.de/10005825803
A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...
Persistent link: https://www.econbiz.de/10005825842
? Data from South Asia suggest that member states have minor trade linkages and face asymmetrical patterns of shocks. This …
Persistent link: https://www.econbiz.de/10005825897
, the external terms of trade, and productivity in the manufacturing sector. A once-and-for-all unit increase in the ratio …
Persistent link: https://www.econbiz.de/10005825972