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Publications (6)
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This paper addresses the nature of the demand schedule for emerging market assets in both its macroeconomic and microeconomic dimensions. The former is usually analysed in terms of the ‘push factors’ (such as interest rates or contagion) determining international capital flows; while the latter is...
Working Paper
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– Crossing the Border
This paper has two aims. The first is to provide some explanation for the extraordinary collapse in cross-border bank lending to developing countries which has taken place since 1997. The second is to argue that it might be too simplistic to characterize banks’ behaviour in the past few years as a...
Working Paper
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This article studies the currency risk management of multinational companies with investments in Latin American countries. The analysis is centred on episodes of currency or financial shocks, searching into the behaviour of the financial management of a firm expecting a significant devaluation. This...
Working Paper
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This study presents a comprehensive picture of poverty changes in China in the period of 1978-95. Using two micro-data sets from Household Income Surveys of 1988 and 1995, the author examines poverty distribution among various localities and population sub-groups. The results show that poverty has...
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In examining the welfare situation, this paper explores the relationship between economic changes and social development in Asian transition economies. Under the central planning system, achievements in human development in these countries were commonly greater than the level of economic development...
Working Paper
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The study examines welfare changes in China during the reform period (1978- ) by analysing various welfare indicators, the causes of change, and the shifting models. It provides an empirical case to the general debate over the relationship between positive economic growth and its impact on social...
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