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Feasibility of an Asian Currency Unit [PDF]
In this paper we evaluate the feasibility of a common Asian Currency Unit (ACU) involving countries of East and South Asia. We analyze the various properties of an ACU and calculate its value using weighted averages of the values of Asian currencies ...
Abhijit Sen Gupta, Amitendu Palit
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Estimates of Fundamental Equilibrium Exchange Rates, May 2011 [PDF]
This policy brief updates Cline and Williamson's estimates of fundamental equilibrium exchange rates (FEERs) to April 2011. Most currencies appear to have been reasonably close to their FEERs in April 2011. The most important exceptions are China, on the
John Williamson, William R. Cline
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Does China Still Have a Labor Cost Advantage? [PDF]
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998-2009. Between 1998
Janet Ceglowski, Stephen Golub
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Pakistan’s Development and Asian Experience [PDF]
1. Pakistan not only has to deal with a cash flow problem, it also has to make the difficult structural adjustment of living within its means, after nearly 50 years of failing to do so. 2.
Gustav F. Papanek
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Exchange rate misalignment estimates – Sources of differences [PDF]
We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys.
Cheung , Yin-Wong, Fujii, Eiji
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NATIONAL INNOVATION SYSTEM AND MACROECONOMIC POLICIES: BRAZIL AND INDIA IN COMPARATIVE PERSPECTIVE [PDF]
Efforts towards economic development in Brazil and India share some common aspects. From the beginning of the 1950s to the end of the 1980s, both countries adopted import substitution policies including high tariffs and non-tariff barriers.
André Nassif
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Exchange-Rate Arrangements and Financial Integration in East Asia: On a Collision Course? [PDF]
Financial integration in Ease Asia is actively being pursued and will in due course lead to substantial mobility of capital between economies in the region.
Hans Genberg
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Renminbising China's Foreign Assets [PDF]
Since the 2008 global financial crisis, China has rolled out a number of initiatives to actively promote the international role of the renminbi and to denominate more of its international claims away from the US dollar and into the renminbi.
Guonan Ma +2 more
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Exchange Rate Misalingment Estimates - Sources of Differences [PDF]
We study the differences of currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys.
Eiji Fujii, Yin-Wong Cheung
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