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| Author | : David C. Parsley |
| Publisher | : |
| Total Pages | : 48 |
| Release | : 2001 |
| Genre | : Foreign exchange administration |
| ISBN | : |
| Author | : David C. Parsley |
| Publisher | : International Monetary Fund |
| Total Pages | : 38 |
| Release | : 2001-12 |
| Genre | : Business & Economics |
| ISBN | : |
This paper empirically studies the effect of instrumental and institutional stabilization of the exchange rate on the integration of goods markets. An instrumental stabilization of the exchange rate is accomplished through intervention in the foreign exchange market, or by monetary policies. An institutional stabilization, is an adoption a currency board or a common currency. In contrast to the literature that employs data on the volume of trade, an important novelty of this paper is the use of a 3-dimensional panel of prices of 95 very disaggregated goods (e.g., light bulbs) in 83 cities from around the world from 1990 to 2000. We find that goods market integration is increasing over time and is inversely related to distance, exchange rate variability, and tariff barriers. In addition, the impact of an institutional stabilization of the exchange rate provides a stimulus to goods market integration that goes far beyond an instrumental stabilization. Among the institutional arrangements, long-term currency unions demonstrate greater integration than more recent currency boards. All of them can improve their integration further relative to a U.S. benchmark.
| Author | : David C. Parsley |
| Publisher | : |
| Total Pages | : |
| Release | : 2001 |
| Genre | : |
| ISBN | : |
| Author | : International Monetary Fund |
| Publisher | : International Monetary Fund |
| Total Pages | : 132 |
| Release | : 2004-05-19 |
| Genre | : Business & Economics |
| ISBN | : 1498330282 |
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| Author | : Takatoshi Ito |
| Publisher | : University of Chicago Press |
| Total Pages | : 346 |
| Release | : 2011-03 |
| Genre | : Business & Economics |
| ISBN | : 0226386899 |
Fluctuations of commodity prices, most notably of oil, capture considerable attention and have been tied to important economic effects. This book advances our understanding of the consequences of these fluctuations, providing both general analysis and a particular focus on the countries of the Pacific Rim.
| Author | : Zhibiao Liu |
| Publisher | : Taylor & Francis |
| Total Pages | : 280 |
| Release | : 2023-11-29 |
| Genre | : Business & Economics |
| ISBN | : 1003800734 |
This book systematically investigates the strategic significance and dynamic mechanisms present in the development of the Yangtze River Delta cluster, one of the major drivers of economic growth in China. The Yangtze River Delta is the most densely populated region in China, with the highest level of economic development. Against the background of China’s national strategy that aims to bolster and augment integrated development on the regional level, this study reviews the development process of the region and possible hindrances to further growth. From a wide array of dimensions, it assesses the key influencing factors, including institutional construction, governance mechanisms, spatial layout, government and corporate competition, the market environment, industrial linkages and synergies, collaborative innovation, public service, and social networks. Based on theoretical analysis and empirical studies, the book advances policy suggestions that help to solve the challenges for integrated development in the region. The volume will benefit scholars and students, as well as investors, business observers, and policy makers interested in the Chinese economy, regional economics, industrial economics, and economic geography.
| Author | : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2013 |
| Genre | : Banks and banking, Central |
| ISBN | : 9789291319626 |
| Author | : Xianchun Zhang |
| Publisher | : Springer Nature |
| Total Pages | : 284 |
| Release | : 2023-08-07 |
| Genre | : Science |
| ISBN | : 9819927927 |
This book for the first time thoroughly investigates the extent of economic and institutional integrations and the underlying governance reshuffling process of China’s city-regionalism. By using the Shenzhen-Dongguan-Huizhou sub-region (SDH) in southern China as an empirical case, this book provides convincing evidence that China’s city-regionalism is essentially a state-orchestrated and institution-based process. Perspectives from “market-industry-infrastructure” and multi-level governance (MLG) have been provided to systematically examine China’s city-regionalism. This book has essentially made a definitive contribution to China’s regional governance. Methodologically, it shows how China’s city-regionalism can be examined through a problem-solving and case-by-case paradigm, through building a bridge between an empirical slogan and an inclusive theoretical term for institutional integration and through MLG and its integrative approaches in China. Exhilarating findings are presented using extensive tables, graphs, and maps along with the integration of quantitative and qualitative methods. Undergraduates, graduates, and researchers who are interested in China’s city-regionalism and regional governance would be the readership of the book, and officers from different levels of government as well as policymakers will find the book inspiring.
| Author | : Pierre van der Haegen |
| Publisher | : Routledge |
| Total Pages | : 561 |
| Release | : 2019-10-28 |
| Genre | : Business & Economics |
| ISBN | : 1351150464 |
Originally published in 2004. This comprehensive collection provides an innovative analysis and a comparison between economic and financial integration in Europe and Latin America, addressed from a global, regional and country-specific perspective. It constitutes a valuable overview focusing on three topics: regional integration and monetary cooperation in Europe and Latin America, exchange rate strategies and financial sector structure. The collection is the outcome of a Workshop and high-level Seminar organized by the Banco de España and the European Central Bank that brought together senior European and Latin American central bankers, as well as senior representatives from international institutions. The 31 contributors presented high quality papers, allowing the reader to take advantage of a rigorous economic analysis that uses first-hand information and draws useful lessons for the future.
| Author | : Mr.Peter B. Clark |
| Publisher | : International Monetary Fund |
| Total Pages | : 40 |
| Release | : 1997-10-01 |
| Genre | : Business & Economics |
| ISBN | : 1451936621 |
This paper investigates the consequences of exchange rate volatility on the variability of export prices and quantities in the presence of market segmentation and pricing to market. Firms stabilize destination prices through systematic price discrimination, limiting the degree of exchange rate pass-through. Consequently, the variability of exchange rates is not fully translated into prices and quantities at the point of destination. Empirical estimates using aggregate price data for the G-7 industrial countries show incomplete pass-through in variances, with considerable variation among these countries. U.S. industry specific data also indicate incomplete pass-through in most cases, with considerable variation across industries.
