Capital account liberalization in China: the need for a balanced approach [PDF]
, 2014 This repository item contains a single issue of the Pardee Center Task Force Reports, a publication series that began publishing in 2009 by the Boston University Frederick S. Pardee Center for the Study of the Longer-Range Future.This is the third report
Aramaki, Kenji +11 more
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Exchange Rate Misalignments and World Imbalances: a FEER Approach for Emerging Countries
, 2011 International audienceSince the mid-1990s, the world imbalances have increased significantly with a large US current deficit facing Asian surpluses, mainly Chinese.
Aflouk, Nabil +3 more
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The mechanics of central bank intervention in foreign exchange markets [PDF]
, 2009 Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary ...
Basu, Kaushik
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Management of Exchange Rate Regimes in Emerging Asia [PDF]
This paper revisits the issue of exchange rate regimes in emerging Asia. It is divided into two main parts. The first part compares de jure and de facto exchange rate regimes in Asia over the decade 1999–2009.
Rajan, Ramkishen
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Assessing China's Exchange Rate Regime [PDF]
This paper examines two related issues: (a) the implicit methodology used by the U.S. Treasury in determining whether China and America's other trading partners manipulate their exchange rates, and (b) the nature of the Chinese exchange rate regime since
Jeffrey A. Frankel, Shang-Jin Wei
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Measuring long-run equilibrium exchange rates using standardized products with different specifications [PDF]
Purchasing Power Parity (PPP) is an appealing theory of the determination of longrun equilibrium exchange rates as it is founded on the intuitive proposition that opportunities for arbitrage will not go unexploited.
James Laurenceson, Kam Ki Tang
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Impact of real and nominal factors on long run equilibrium in Real Effective Exchange Rate (REER) in Pakistan [PDF]
In this paper, we focused on the hypothesis that nominal shocks such as monetary policy have only temporary impact on long run equilibrium real exchange rate and the consequent misalignment. To do so we utilized two approaches to tackle this issue.
Waheed, Muhammad
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The exchange rate regime in Asia: From crisis to crisis. [PDF]
Prior to the Asian financial crisis, most Asian exchange rates were de facto pegged to the US Dollar. In the crisis, many economies experienced a brief period of extreme flexibility. A `fear of floating' gave reduced flexibility when the crisis subsided,
Balasubramaniam, Vimal +3 more
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Cost of Holding Excess Reserves - The Indian Experience [PDF]
Most of the existing literature has used single reserve adequacy measures to evaluate the volume of excess reserves. In this paper, we employ empirical methods to generate a comprehensive reserve adequacy measure, incorporating the various objectives of ...
Abhijit Sen Gupta
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India's Approach to Capital Account Liberalization [PDF]
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the ...
Prasad, Eswar
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