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Searching with a thematic focus on International capital flows exchange rates and currency, International capital flows, Finance policy
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Stabilization of effective exchange rates under common currency basket systems
National Bureau of Economic Research, USA, 2006This paper investigates the extent to which a common currency basket peg would stabilise effective exchange rates of East Asian currencies. It uses an AMU (Asian Monetary Unit), which is a weighted average of ASEAN10 plus 3 (Japan, China, and Korea) currencies, as a common currency basket to investigate the stabilisation effects.DocumentOptimal currency areas: theory and evidence for an African single currency
School of Economic Studies, University of Manchester, 2005This study focuses on the economic elements of monetary union, with special reference to Africa, which Africa has had monetary integration within its policy agenda for some time. The Organisation of Africa Unity (the predecessor to the African Union) had monetary and economic integration as one of its objectives on its creation in 1963.DocumentCapital flows and current account sustainability in African economies
UN Economic Commission for Africa, 2005This paper attempts to identify the underlying structure of current account deficits in Ghana, and to asses the sustainability of the Ghanaian current account using a multi faceted suite of models and indicators.DocumentThe impact of foreign interest rates on the economy: the role of the exchange rate regime
International Monetary Fund, 2006Discussions of globalisation often assert that the fortunes of small countries are driven by larger countries’ economies. This notion contends that small countries are highly susceptible to conditions in large countries and that their economies often experience volatility for reasons independent of domestic policies.DocumentA currency basket for East Asia: not just China
Institute for International Economics, USA, 2005China recently announced that it is adopting a basket of currencies as the peg for its exchange rate instead of the US dollar. This move raises the question of whether such a currency basket could be adopted in other East Asian countries.DocumentWorking paper on mitigating currency risk for investing in microfinance institutions in developing countries
Social Enterprise Associates, 2005This paper focuses on the risks associated with the use of foreign direct investments (FDI) by investors in microfinance. Among the many risks involved in such investments, currency and exchange rate fluctuations are principal stumbling blocks reducing private investment in microfinance institutions in less developed countries (LCDs).DocumentExchange rates in the new EU accession countries: what have we learned from the forerunners
Czech National Bank, Czech Republic, 2004How can real exchange rates be estimated? What are the reasons for the real exchange rate appreciation?The paper develops a theoretical model of real exchange rate determination, and simulates it on a sample of three “forerunners” and four new accession countries.DocumentDeveloping the market for local currency bonds by foreign issuers: lessons from Asia
Asian Development Bank Institute, 2005This paper examines the experience of countries in the East Asian region that have introduced local currency bonds by foreign issuers (LCBFIs). The countries that are examined include Australia; Hong Kong, China; Japan; Republic of Korea; and Singapore.The study suggests that there are sound reasons for many countries to develop the market for foreign issuers.DocumentThe currency transaction tax: enhancing financial stability and financing development
The Tobin Tax Network, 2004The purpose of this report explores how the present currency transaction tax (CTT) proposition is not only possible but eminently desirable.DocumentImporting low inflation via pegged exchange rates, currency boards and monetary unions
International Center for Economic Growth, European Center, Budapest, 2003How can emerging and transition countries reduce their credibility deficit (the lack of credible institutions to induce credibility in monetary policy) in stabilising inflation expectations at low levels? Would it help to import low inflation from abroad via a fixed exchange rate?Pages
