De‐Dollarization Is a Plausible Outcome of the New Washington Consensus
ABSTRACT A trend towards de‐dollarization of the global economy in which the US dollar ceases to be used as the world's reserve currency for international transactions confronts some of the existing structures of international economic law, built upon the rules set out by US‐led organizations like the WTO, the IMF, and the World Bank. This article will
David Collins
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Capital Flows, Capital Account Regimes, and Foreign Exchange Rate Regimes in Africa [PDF]
This study examines capital flows and shifts in capital account and exchange rate regimes in African countries over the past two decades. The evidence shows that official lending to Africa has declined while the volume of private capital flows remains ...
Léonce Ndikumana
core
India, China and the China+1 Strategy: Trade, Investment and Policymaking in a Fragmented World
ABSTRACT COVID‐19 and geopolitical tensions have compelled global firms to diversify parts of their operations to other countries. Although India looks primed to gain from this ‘China+1’, the authors' research, including interviews with 50 executives, officials and experts across India, America, Europe and Singapore, paints a more cautious picture ...
P. S. Srinivas +2 more
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Auditor industry expertise and the predictive power of the deferred tax valuation allowance
Abstract This paper investigates whether auditor industry expertise influences the predictive value of management earnings forecasts embedded in the deferred tax asset valuation allowance (VA). VAs depend on management's forecast of future taxable earnings and can provide investors with information about expected changes in future earnings.
Zhuoli Axelton +2 more
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Who Moves First? Price Discovery by Institutional and Retail Investors
ABSTRACT This paper uses 77 million Finnish trades, classified as foreign institutional or domestic retail, to examine the drivers of price discovery. The results show that foreign institutional investors dominate price discovery overall, including during the Global Financial Crisis. Their informational advantage is explained by buy‐ and sell‐initiated
Zheng Wu +2 more
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Rise of the south: How Arab‐led maritime trade transformed China, 671–1371 CE
Abstract China's center of socioeconomic activities was in the North prior to the Tang dynasty but is in the South today. We demonstrate that Arab and Persian Muslim traders triggered that transition when they came to China in the late seventh century, by lifting maritime trade along the South Coast and re‐creating the South.
Zhiwu Chen, Zhan Lin, Kaixiang Peng
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Abstract Existing literature posits that attitudes toward immigration are shaped by the impact of migrants on native workers' wages and employment, as well as by various other material, cultural, and social concerns. However, empirically disentangling these influences can be challenging.
Lena Maria Schaffer, Gabriele Spilker
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The Effects of External Macroeconomic Shocks and Uncertainty on Bangladesh's Fiscal Sustainability
ABSTRACT In recent years, Bangladesh has adopted a deficit‐biased fiscal policy, supported by robust GDP growth and relatively low interest rates, capitalizing on its access to concessional financing. However, Bangladesh's graduation to lower‐middle‐income status and its gradual integration into the global economy have exposed the country to external ...
Mohammad Mahabub Alam
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Estimating the Impact of Foreign Direct Investment (FDI) Policies on FDI Inflows Into Australia
ABSTRACT To what extent FDI policy settings and changes influence FDI inflows is an empirical question for which global answers are scarce. Australia is a pertinent locale to test this question, having a long history of attracting FDI and a policy approach distinct from most developed countries.
Stewart Nixon
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Reciprocal Tariffs and Systemic Trade Losses: Evidence From Korea, Japan, and the EU
ABSTRACT The resurgence of U.S. protectionism, the proposal of universal reciprocal tariffs targeting major trading partners, poses systemic risks to global trade that existing bilateral analyses have not fully captured. This paper examines the economic consequences of U.S.
Noori Park, Chang Hwan Choi
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