منابع مشابه
RMB Appreciation, Economic Growth and Income Distribution in China and the World
With a significant slowing down in economic growth especially in the growth rate of exports since the beginning of the 2010s when the appreciation of Renminbi (RMB) appreciation accelerates, China also faces a challenge of improving the already deteriorated income distribution. This raises a concern over the issue on how to stimulate domestic demand when export growth rate is slowing down and r...
متن کاملUndervaluation, Institutions, and Development 1
Abstract: Rodrik (2008) claims that weak institutions hurt the development of the tradable sector more than that of the nontradable sector and that undervaluation can foster growth by diminishing the distortion created by weak institutions between the two sectors. Using the International Country Risk Guide (ICRG) dataset on four components of institutional quality, we consider the effects of in...
متن کاملCircularity and the Undervaluation of Privatised Companies
Circularity arises in regulation if the value of a company’s assets used to set prices is itself determined by future earning capacity. The view that it is not possible to determine values and prices in these circumstances has become well established in the literature. In this paper we formalise this precise circularity result. We then show that if there is a possibility of future review and th...
متن کاملRMB Revaluation and Speculative Capital Inflows: Policy Options
We build a monetary model to show how expected revaluations lead to the instability of a pegged exchange rate regime. This model assumes current account convertibility and some degree of capital control, and fundamentally sound domestic policies and economy, as is the case in China. The model demonstrates that market-oriented interest rates can act as an automatic stabilizer to ease revaluation...
متن کاملWith Thanks and Appreciation
On behalf of fellow contributors to the journal, we would like to thank you for choosing Appalachian health as the theme for the October 2006 issue of Preventing Chronic Disease. We appreciate your willingness to call attention to this persistent disparity in chronic disease, including cancer. This health disparity is unlike any other because it is defined by geography and interwoven with cultu...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2012
ISSN: 1556-5068
DOI: 10.2139/ssrn.2138774