Showing 1 - 10 of 192
deficits and private foreign debt, currency mismatches, and high inflation, while public finances were in good shape. The … of the world. The five currency boards in the region have lacked credibility. By contrast, inflation targeting has worked …
Persistent link: https://www.econbiz.de/10011430838
This paper deals with two related issues: the sustainability of China’s exchange rate regime and the opening up of its capital account. The exchange rate discussion deliberately passes over the issue of the “equilibrium” value of the renminbi and its alleged undervaluation – typically at...
Persistent link: https://www.econbiz.de/10011606234
This paper details the methodological framework underlying the construction of the effective exchange rate (EER) indicators of the euro. This framework yields two sets of indicators - (i) one nominal and several real EER indices against a narrow reference group of euro area trading partners...
Persistent link: https://www.econbiz.de/10011606154
Die WIFO-Studie "Inflation und Außenwirtschaft" untersucht den komplexen Zusammenhang zwischen Inflation und … Zusammenhang zwischen Inflation und Außenwirtschaft keineswegs eindeutig ist: Angebotsinduzierte Inflation kann zu einer … Verschlechterung der Handelsbilanz führen, während nachfrageseitig induzierte Inflation sie verbessern kann. Die empirische Analyse …
Persistent link: https://www.econbiz.de/10015325413
In this paper, original written for the Economic and Monetary Affairs Committee (ECON) of the European Parliament on 30 November as part of the series entitled 'The threat of currency wars: global imbalances and their effects on currencies', Bruegel Fellows Jean Pisani-Ferry and Zsolt Darvas...
Persistent link: https://www.econbiz.de/10010273698
In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China's exchange policy rate. He believes that Europeans, compared to Americans, are slower to react to external developments. The absence of significant external deficit, doubts about which policy...
Persistent link: https://www.econbiz.de/10010273716
Persistent link: https://www.econbiz.de/10013168612
One of the most important variables in the study of the North Korean economy is market prices and foreign exchange rates. This is because of the assumption that the two variables immediately reflect the status and trends of the North Korean economy. In fact, many North Korean economic studies...
Persistent link: https://www.econbiz.de/10012704270
Persistent link: https://www.econbiz.de/10010276331
This study seeks to determine the extent to which countries of the former Soviet Union are infected” by the Dutch Disease. We take a detailed look at the functioning of the transmission mechanism of the Dutch Disease, i.e. the chains that run from commodity prices to real output in...
Persistent link: https://www.econbiz.de/10011430820