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vanishes at the Convertibility Undertakings making it inaccessible to the limits. The Hong Kong dollar does not show any strong … tendency to revert towards the centre of the Convertibility Zone. This is perhaps not surprising as there have been no …
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without restriction and with no permission required. The easy convertibility of currency is a relatively recent development …
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discussed currently in PNG are inadequate to restore currency convertibility. For this, a real exchange rate depreciation is …
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separation of strong and weak side convertibility undertakings, when the rate is confined to a specified corridor. We suggest a …
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The features under the two-sided Convertibility Zone of the Hong Kong dollar resemble in many ways the target zone … rates, to assess the credibility of the Convertibility Zone since it was introduced in May 2005. The empirical evidence … Convertibility Zone …
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Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi. This paper discusses the factors shaping the prospects...
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This book focuses on "Convertibilidad", the latest Argentine experience of exchange rate based stabilisation, and aims at isolating the main causes for its tragic collapse in 2001-2002. The characteristics of Argentina’s high and hyperinflation during the 1980s are analysed, and the theory of...
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