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Foreign participation in local-currency-bond markets in emerging countries has increased dramatically over the past decade. In light of this trend, we revisit the question of the optimal exchange-rate...
This paper seeks to outline issues arising from rapid foreign exchange reserve accumulations in Asia. Attention is paid to People’s Republic of China and India for the significance of the accumulati...
Kaldor's policy proposal on exchange rate, which is based on his export-led growth model, is unilateral. By introducing the institutional analysis of wages and exchange rates into Kaldor's model and ...
Kaldor's policy proposal on exchange rate, which is based on his export-led growth model, is unilateral. By introducing the institutional analysis of wages and exchange rates into Kaldor's model and m...

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