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Enter the dragon : China in the international financial system
Authors: ---
ISBN: 1928096468 1928096166 9781928096467 9781928096160 1928096158 9781928096153 Year: 2015 Publisher: Waterloo, Ontario : CIGI,

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China's rise in the international financial system is a highly complex and political process, and can only be understood by incorporating analysis of domestic and international political economy.


Book
To Buy or Not to Buy? Uncertainty, Irreversibility and Heterogeneous Investment Dynamics in Italian Company Data
Authors: ---
ISBN: 1462310583 145279362X 1283568217 145189841X 9786613880666 Year: 2004 Publisher: Washington, D.C. : International Monetary Fund,

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This study tests for the presence of real options effects induced by uncertainty and (partial) irreversibility on fixed capital investment using Italian company data. The approach recognizes that firm-level investment spending may, itself, be aggregated over multiple investment decisions in separate types of capital goods and emphasizes effects of uncertainty on short-run investment dynamics. Using a survey-based measure of uncertainty related to the assessment of managers responsible for the firms' investment plans, the study finds evidence of heterogeneous and nonlinear dynamics pointing to a slower adjustment of investment in response to demand shocks at higher levels of uncertainty. The results also point to an additional source of nonlinearity originating from a convex response of investment to demand shocks.


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RMBI or RMBR : Is the Renminbi Destined to Become a Global or Regional Currency?
Authors: ---
Year: 2015 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Previous studies have focused on when the renminbi will play a significant role as an international currency, but less attention has been paid to where. We fill this gap by contrasting two answers to the question. One is that the renminbi will assume the role of a global currency similar to the U.S. dollar. Supporters point to China's widely diversified trade and financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will play a regional role in Asia equivalent to that of the euro in greater Europe. Proponents of this view argue that China has a natural advantage in leveraging regional supply chains and deepening its links with other Asian countries as well as in developing regional institutions. Asia, they argue on these grounds, will become the natural habitat for the renminbi.


Book
Finance, development, and the IMF
Authors: ---
ISBN: 9786612349171 1282349171 0191553662 Year: 2009 Publisher: Oxford : Oxford University Press,

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This book provides an assessment of the role of the International Monetary Fund in poor countries. In recent years, a large portion of the work of the IMF has focused on the economies of low-income countries by aiming to create conditions conducive to poverty reduction and stable economic growth. More than two fifths of the IMF's 185 members are low-income countries and many others have substantial pockets of poverty in their populations. Since economic development and the reductionof poverty are the most important economic challenges that these countries face, how can the IMF best help them?


Book
The IMF’s Role in Low-Income Countries : Issues and Challenges
Authors: ---
ISBN: 1462335705 1452775389 1283514818 145190732X 9786613827265 Year: 2005 Publisher: Washington, D.C. : International Monetary Fund,

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Drawing on recent research, this study elaborates on the role of the IMF in support of its lowincome members, pointing to the global character of the institution and to its superior ability-given its multilateral nature-to serve as a financial institution, an information provider, and a commitment device. The IMF assists low-income members through a range of activities that are normally bundled together, including lending, offering policy advice, and providing assistance with capacity building. The study reviews the features of IMF policies towards its low-income membership and points to the main challenges to their success.


Book
Finance, development, and the IMF.
Authors: ---
ISBN: 9780191553660 Year: 2009 Publisher: Oxford Oxford University Press

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Why is Micro Evidenceon the Effects of Uncertainty Not Replicated in Macro Data?
Authors: --- ---
ISBN: 1462304427 1452719896 1283512939 1451907133 9786613825384 Year: 2005 Publisher: Washington, D.C. : International Monetary Fund,

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This study investigates the relationship between uncertainty and investment using U.K. data at different levels of aggregation. Motivated by a comparative econometric analysis using a firm-level panel and aggregate time-series data, we analyze the implications of aggregating nonlinear microeconomic processes. Replicating firm-level evidence that uncertainty influences investment dynamics proves to be challenging. Even using perfectly consistent data sources, this requires both exact aggregation of the underlying micro equations, and controlling for the unobserved influences on investment that are commonly subsumed into time dummies in panel studies. These conditions are unlikely to be satisfied in most aggregate econometric studies.


Book
Asia and policymaking for the global economy
Authors: --- ---
ISBN: 9780815704218 Year: 2011 Publisher: Washington, D.C. Brookings Institution

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Book
Asia and policymaking for the global economy
Authors: --- ---
ISBN: 1283053616 9786613053619 0815704380 9780815704386 9780815704218 0815704216 9781283053617 Year: 2011 Publisher: Washington, D.C. : Brookings Institution Press,

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"Examines the more dynamic role Asian nations are playing within the G-20 and in multilateral organizations concerned with governance of global economic and financial affairs, brought about by the rapid development of Asian economies in recent decades"--Provided by publisher.


Book
RMBI or RMBR : Is the Renminbi Destined to Become a Global or Regional Currency?
Authors: --- ---
Year: 2015 Publisher: Cambridge, Mass. National Bureau of Economic Research

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Abstract

Previous studies have focused on when the renminbi will play a significant role as an international currency, but less attention has been paid to where. We fill this gap by contrasting two answers to the question. One is that the renminbi will assume the role of a global currency similar to the U.S. dollar. Supporters point to China's widely diversified trade and financial flows and to its institutional initiatives, not just in Asia but around the world. The other is that the renminbi will play a regional role in Asia equivalent to that of the euro in greater Europe. Proponents of this view argue that China has a natural advantage in leveraging regional supply chains and deepening its links with other Asian countries as well as in developing regional institutions. Asia, they argue on these grounds, will become the natural habitat for the renminbi.

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