1.

Record Nr.

UNINA9910460344103321

Titolo

The Great Wall of money : power and politics in China's international monetary relations / / edited by Eric Helleiner and Jonathan Kirshner

Pubbl/distr/stampa

Ithaca, New York : , : Cornell University Press, , 2014

©2014

ISBN

0-8014-5466-2

1-322-50330-3

0-8014-5467-0

Descrizione fisica

1 online resource (289 p.)

Collana

Cornell Studies in Money

Disciplina

332.4/50951

Soggetti

Monetary policy - China

Electronic books.

China Foreign economic relations

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Front matter -- Contents -- Preface -- Contributors -- Abbreviations -- The Politics Of China's International Monetary Relations / Helleiner, Eric / Kirshner, Jonathan -- 1. The China Question. Can Its Rise Be Accommodated? / Cohen, Benjamin J. -- 2. The Hidden History Of China And The IMF / Helleiner, Eric / Momani, Bessma -- 3. Why Has China Accumulated Such Large Foreign Reserves? / Steinberg, David A. -- 4. Global Imbalances And The Limits Of The Exchange Rate Weapon / Wang, Hongying -- 5. China's Engagement With International Macroeconomic Policy Surveillance / Walter, Andrew -- 6. The Limits Of China's Monetary Diplomacy / Jiang, Yang -- 7. China's Rising Monetary Power / Chin, Gregory -- 8. Regional Hegemony And An Emerging RMB Zone / Kirshner, Jonathan -- References -- Index

Sommario/riassunto

As an economic superpower, China has become an increasingly important player in the international monetary system. Its foreign exchange reserves are the largest in the world and its exchange rate policy has become a major subject of international economic diplomacy. The internationalization of the renminbi (RMB) raises critical questions in international policy circles: What kinds of power is China



acquiring in international monetary relations? What are the priorities of the Chinese government? What explains its preferences?In The Great Wall of Money, a distinguished group of contributors addresses these questions from distinct perspectives, revealing the extent to which China's choices, and global monetary affairs, will be shaped by internal political factors and affect world politics. The RMB is a likely competitor for the dollar in the next couple of decades; its emergence as an important international currency would have substantial effects on the balance of power between the United States and China. By illuminating the politics of China's international monetary relations, this book provides a timely account of the global economy, the role of the renminbi in international relations, and the trajectory of China's continuing ascendency in the coming decades. Contributors: Gregory Chin, York University; Benjamin J. Cohen, University of California, Santa Barbara; Eric Helleiner, University of Waterloo and Balsillie School of International Affairs; Yang Jiang, Danish Institute for International Studies; Jonathan Kirshner, Cornell University; Bessma Momani, University of Waterloo and Balsillie School of International Affairs; David Steinberg, University of Oregon; Andrew Walter, University of Melbourne; Hongying Wang, University of Waterloo and Balsillie School of International Affairs



2.

Record Nr.

UNINA9910136707903321

Titolo

Ghana : : Third Review Under the Extended Credit Facility Arrangement and Request for Waiver for Nonobservance of Performance Criteria, and Modifications of Performance Criteria-Press Release; Staff Report; and Statement by the Excutive Director for Ghana

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2016

ISBN

9781475543599

147554359X

Descrizione fisica

1 online resource (122 pages) : color illustrations, charts, graphs, tables

Collana

IMF Staff Country Reports

Disciplina

330.9667

Soggetti

Economic development - Ghana

Banks and Banking

Exports and Imports

Macroeconomics

Public Finance

Industries: Financial Services

Taxation

Investments: Energy

Debt

Debt Management

Sovereign Debt

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

International Lending and Debt Problems

Fiscal Policy

Investment

Capital

Intangible Capital

Capacity

National Government Expenditures and Related Policies: General

Taxation, Subsidies, and Revenue: General

Public finance & taxation

International economics

Finance

Banking



Investment & securities

Public debt

Fiscal consolidation

External debt

Debt rescheduling

Expenditure

Revenue administration

Oil, gas and mining taxes

Taxes

Debts, External

Debts, Public

Fiscal policy

Banks and banking

Loans

Expenditures, Public

Revenue

Ghana Economic conditions

Ghana

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Sommario/riassunto

This paper discusses Ghana’s Third Review Under the Extended Credit Facility arrangement and Request for Waiver for Nonobservance of Performance Criteria (PCs), and Modifications of PCs. Program implementation in Ghana remains broadly satisfactory, but the economic outlook remains difficult and fiscal challenges are mounting. The growth outlook for 2016 and 2017 has weakened, mainly owing to disruptions in oil production, and non-oil economic activity is expected to remain subdued owing to continued fiscal consolidation and tight monetary policy. There was broad agreement with the authorities on the need to sustain a tight monetary stance given the still high inflation. The IMF staff recommends completion of the third review.