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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.
China --- Economic conditions --- Finance --- E-books --- Since 2000
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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.
Business cycles --- Econometric models. --- Econometrics --- Investments: General --- Investments: Bonds --- Investments: Stocks --- Industries: Manufacturing --- 'Panel Data Models --- Spatio-temporal Models' --- Intertemporal Firm Choice and Growth, Investment, or Financing --- Investment --- Capital --- Intangible Capital --- Capacity --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Estimation --- General Financial Markets: General (includes Measurement and Data) --- Industry Studies: Manufacturing: General --- Investment & securities --- Econometrics & economic statistics --- Manufacturing industries --- Macroeconomics --- Stocks --- Estimation techniques --- Bonds --- Manufacturing --- Capital accumulation --- Financial institutions --- Econometric analysis --- Economic sectors --- National accounts --- Econometric models --- Saving and investment --- United Kingdom --- Panel Data Models --- Spatio-temporal Models
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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.
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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?
Economic development. --- Economic assistance. --- International Monetary Fund. --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Development, Economic --- Economic growth --- Growth, Economic --- Internationaal monetair fonds --- International monetary fund --- Economic policy --- International economic relations --- Conditionality (International relations) --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse
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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.
Developing countries -- Economic conditions. --- Developing countries -- Economic policy. --- Economic assistance -- Developing countries. --- Electronic books. -- local. --- International Monetary Fund -- Developing countries. --- Macroeconomics --- Social Services and Welfare --- Poverty and Homelessness --- Government Policy --- Provision and Effects of Welfare Program --- Aggregate Factor Income Distribution --- Welfare, Well-Being, and Poverty: General --- Fiscal Policy --- Social welfare & social services --- Poverty & precarity --- Poverty reduction --- Poverty reduction strategy --- Income inequality --- Poverty --- Macro-fiscal framework --- Income distribution --- Fiscal policy --- Sri Lanka --- Economic assistance --- International Monetary Fund --- Developing countries --- Economic policy. --- Economic conditions.
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Economic development --- Economic assistance --- Finance --- IMF.
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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.
Electronic books. -- local. --- Investments -- Great Britain -- Econometric models. --- Uncertainty -- Econometric models. --- Econometrics --- Investments: Bonds --- Investments: Stocks --- Macroeconomics --- Industries: Manufacturing --- Single Equation Models --- Single Variables: General --- Intertemporal Firm Choice and Growth, Investment, or Financing --- Investment --- Capital --- Intangible Capital --- Capacity --- Industry Studies: Manufacturing: General --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Time-Series Models --- Dynamic Quantile Regressions --- Dynamic Treatment Effect Models --- Diffusion Processes --- State Space Models --- Macroeconomics: Production --- General Financial Markets: General (includes Measurement and Data) --- Manufacturing industries --- Investment & securities --- Econometrics & economic statistics --- Manufacturing --- Stocks --- Time series analysis --- Production growth --- Bonds --- Economic sectors --- Financial institutions --- Econometric analysis --- Production --- Economic theory --- United Kingdom --- Uncertainty --- Investments --- Econometric models.
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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.
Asia --- Economic policy. --- Foreign economic relations. --- International economic relations
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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.
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