Development economists should stop acting as categorical advocates (or detractors) for specific approaches to development. They should…
This paper investigates whether leading indicators can help explain the cross-country incidence of the 2008-09 financial crisis. Rather…
The $140 billion support package that the Greek government has finally received from its European Union partners and the International…
A new technique for estimating countries’ de facto exchange rate regimes synthesizes two approaches. One approach estimates the implicit de…
This book has been prepared for the Commission on Growth and Development to evaluate the prospects for economic growth in developing…
Many studies have replicated the finding that the forward rate is a biased predictor of the future change in the spot exchange rate.…
Thanks to deft diplomatic footwork, a US-China confrontation over the renminbi has been avoided – or at least postponed. This is a very…
In the world of economics and finance, revolutions occur rarely and are often detected only in hindsight. But what happened on Feb. 19 can…
/publications/comment-chinas-current-account-and-exchange-rate-yin-wong-cheung-menzie-chinn-and-eiji
In less than three decades, China has grown from playing a negligible role in world trade to being one of the world's largest exporters, a…