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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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  • Document

    Stabilization of effective exchange rates under common currency basket systems

    National Bureau of Economic Research, USA, 2006
    This 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.
  • Document

    Optimal currency areas: theory and evidence for an African single currency

    School of Economic Studies, University of Manchester, 2005
    This 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.
  • Document

    Capital flows and current account sustainability in African economies

    UN Economic Commission for Africa, 2005
    This 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.
  • Document

    The impact of foreign interest rates on the economy: the role of the exchange rate regime

    International Monetary Fund, 2006
    Discussions 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.
  • Document

    A currency basket for East Asia: not just China

    Institute for International Economics, USA, 2005
    China 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.
  • Document

    Working paper on mitigating currency risk for investing in microfinance institutions in developing countries

    Social Enterprise Associates, 2005
    This 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).
  • Document

    Exchange rates in the new EU accession countries: what have we learned from the forerunners

    Czech National Bank, Czech Republic, 2004
    How 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.
  • Document

    Developing the market for local currency bonds by foreign issuers: lessons from Asia

    Asian Development Bank Institute, 2005
    This 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.
  • Document

    The currency transaction tax: enhancing financial stability and financing development

    The Tobin Tax Network, 2004
    The purpose of this report explores how the present currency transaction tax (CTT) proposition is not only possible but eminently desirable.
  • Document

    Importing low inflation via pegged exchange rates, currency boards and monetary unions

    International Center for Economic Growth, European Center, Budapest, 2003
    How 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?

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