Trade Reform Under Partial Currency Convertibility

Trade Reform Under Partial Currency Convertibility PDF

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 1988-08-02

Total Pages: 28

ISBN-13: 1451960581

DOWNLOAD EBOOK →

This paper discusses the macroeconomic implications of trade reform in the presence of capital account restrictions. The latter is modelled by recognizing prior constraints on free currency convertibility that are imposed via the use of a multiple exchange rate system. The results of the analysis indicate that the preferred sequence of liberalization need not be of the commonly advocated “current account first” variety, and that real depreciation rather than real appreciation is in fact a more probable outcome following domestic tariff liberalization.

IMF Staff papers

IMF Staff papers PDF

Author: International Monetary Fund. Research Dept.

Publisher: International Monetary Fund

Published: 1989-01-01

Total Pages: 240

ISBN-13: 1451930755

DOWNLOAD EBOOK →

Two recent criticisms of summary fiscal indicators are appraised: first, that they and the conventionally measured public sector balances from which they are derived are not sufficiently broadly defined; second, that they are meaningless because they do not reflect changes in the distribution of wealth between generations. The paper concludes that the defects of summary fiscal indicators have been exaggerated. It is not feasible to include all changes in public sector net worth in the deficit, and the existence of liquidity constraints and aversion to indebtedness imply that conventionally measured public sector deficits are not irrelevant.

Market-oriented Systemic Transformations in Eastern Europe

Market-oriented Systemic Transformations in Eastern Europe PDF

Author: Paul J.J. Welfens

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 267

ISBN-13: 3642581404

DOWNLOAD EBOOK →

Socialist economies in Eastern Europe have collapsed and em- barked upon market-oriented reforms. The causes of the demise of centrally planned economies are analyzed and the basic challenges of systemic tranformation discussed. Negative income and wealth effects as well as distribution issues make adjustment extremely difficult. The fundamental roles of privatization and foreign investment are adressed. Foreign economic liberalization is considered to be of centralimportance for a growth-oriented adjustment path in a stage of conflict-prone policy and options. Politico-economic aspects of the new European developments in addition to North-South issues are analyzed. Difficult choices await decison-makers in economic policy and the business community in Eastern Europe and in leading market economies.

Rmb: Towards Internationalization

Rmb: Towards Internationalization PDF

Author: Siwei Cheng

Publisher: World Scientific

Published: 2015-04-29

Total Pages: 395

ISBN-13: 9814644676

DOWNLOAD EBOOK →

RMB: Towards Internationalization takes an in-depth look at the exchange rate regime of China's currency, the RMB, including the arrangements, related policies and management, and corresponding policy recommendations. This is the first book to apply the theories of fictitious economy, complexity science and the principles of international finance to analyze the RMB exchange rate regime. For readers interested in China's economy in general and RMB internationalization in particular, this book provides an entirely new analytical framework on the history and evolution of RMB exchange regime and on its future development.

On the Theory and Policy of Systemic Change

On the Theory and Policy of Systemic Change PDF

Author: Hans-Jürgen Wagener

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 237

ISBN-13: 3642997686

DOWNLOAD EBOOK →

Between 1989 and 1992 three colloquia on transformation problems were held at the Ludwig-Reimers-Stiftung, Bad Homburg. At the end of the 1980s the collapse of the Soviet-type socialist economic system had become clear and, hence, the necessity to transform these systems into an entirely different eco nomic order. Similar processes have happened and still happen in other his torical constellations, for instance in developing countries. It has been the aim of the Transformation Colloquium to gain more theoretical insight into these phenomena. The object of research has been transformation defined as transition from a given economic order (socialist planned economy e.g.) to a consistent new or der (market economy). This is a highly complex phenomenon which occurred, above all, during the 20th century: introduction and abolition of socialist sys tems, transition from war economies to peace-time market economies. Histori cal experience allows perhaps for certain generalizing abstractions. The central problem discussed at all (up to now) three colloquia is the question whether the object is amenable for theoretical analysis and which approaches eventually are promising.

Monthly Labor Review

Monthly Labor Review PDF

Author:

Publisher:

Published: 1989-10

Total Pages: 104

ISBN-13:

DOWNLOAD EBOOK →

Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.

Economic Growth, Economic Performance and Welfare in South Asia

Economic Growth, Economic Performance and Welfare in South Asia PDF

Author: R. Jha

Publisher: Springer

Published: 2005-01-06

Total Pages: 407

ISBN-13: 0230520316

DOWNLOAD EBOOK →

This volume brings together frontline research on the prospects for rapid economic development in South Asia by leading academics and public policy experts. It reviews recent macroeconomic performance in Bangladesh, India, Nepal, Pakistan and Sri Lanka and examines three emergent challenges for the Indian economy: devising a policy response to climate change, attaining the millennium development goals and restructuring state level finances. The book then analyzes financial sector reforms and development of information and communications technology (ICT) firms and privatization policy in India and the South Asian approach to free trade arrangements and multilateral trade. It studies issues related to foreign perceptions of South Asian development including governance and foreign direct investment flows into India and Nepal. Finally the book studies the impact of the structural composition of economic growth on poverty in India, the evolution of inequality in India and elements of a strategy for poverty reduction in South Asia.

Trade Policy, Growth and Poverty in Asian Developing Countries

Trade Policy, Growth and Poverty in Asian Developing Countries PDF

Author: Kishor Sharma

Publisher: Routledge

Published: 2003-12-08

Total Pages: 415

ISBN-13: 1134433263

DOWNLOAD EBOOK →

Asia constitutes a large portion of the world's population and this new book provides a good selection of contributions that cover trade, equity and development in the continent. With contributions from such leading experts as Clem Tisdell, T.N. Srinivasan and Gustav Ranis, the book's chapters cover countries from Pakistan and India to Korea and Indonesia. This book should be required reading for those interested in the economic growth and development of Asian countries.