The international dollar standard is malfunctioning. Near-zero US short-term interest rates launch massive hot money outflows into emerging markets (EM) in Asia a
The present paper examines the role of the mix of fiscal and monetary policy rules in determining inflation dynamics using fiscal and monetary policy reaction f
The paper provides for the first time empirical evidence on the impact of economic globalization on bank efficiency in a developing economy. Using the data enve
Using official provincial data for gross provincial product, consumer price index and other explanatory variables from 1986 to 2006, the present paper investiga
This paper aims to systematically investigate the impacts of strengthening intellectual property rights on patenting in China's high-technology industries and to