46 research outputs found
The Case Against Intervention
No full textThe Case Against Intervention - the fourth venture of the author Quah, Chee Heong, dwells upon contemporary social and economic issues. His previous books Optimal Currency Areas in East Asia, Eccentric Views on Money and Banking, and Austrian Economics in One Lesson lay stress on money, banking, and economics. This title concentrates on societal issues that currently define and affect our day-to-day lives which would certainly complement the curricula at colleges and universities. The objective of this work is to break the status quo and defy the fallacious reasoning in mainstream thinking, as Ronald Reagan once said, "Government is not the solution to our problem, government is the problem
Identification of optimal currency areas in East Asia : a clustering approach / Quah Chee Heong.
No full text
Rise of Hindutva politics, demonetisation, and its impact on micro, small and medium enterprises in India
No full textIn India, different political regimes have introduced varied policies for the economic and social development of the nation. Within the context of industrial sector development, MSMEs contribute and play a pivotal role in the growth of Indian economy. These enterprises nurture local entrepreneurship and generate large employment opportunities that are comparatively less capital intensive and stands next to agriculture. This paper examines the relationship between the rise of Hindutva politics and MSMEs in India and argues that the rise of Hindutva politics and its demonetisation policies have adversely impacted the MSME sector. The demonetisation policies proved to be fatal and laden with complexities for the MSME sector to cope that mostly overlaps with the informal sector. The paper explores the impacts of demonetisation on MSMEs that proved detrimental and unfavourably affected the lives of the people, hence, rendering to its decline in the countr
Balanced Scorecard’s interpretative variability and organizational change
No full textContains fulltext :
111743.pdf (Publisher’s version ) (Open Access
Self-Government in Yugoslavia: The Path to Capitalism?
No full textThis chapter analyzes self-governing Yugoslavia in the context of capitalism. Regarding the problem of capitalism in socialist world, the practice of the former Yugoslavia cannot be ignored. The socialist Yugoslavia was predetermined to be qualified as capitalist. The Yugoslav leadership developed: (a) self-government, (b) elements of market-biased socialism, and (c) openness to the international economy or the integration in the world market. Its economy achieved remarkable results by the mid-1960s. Some notable economists compliment the results and suggest that the model is sustainable. However, since the mid-1960s, regressive tendencies have emerged that perpetuate significant social dissatisfaction. In 1968, students protested against the state of Yugoslav socialism, believing that it had absorbed capitalism. Others felt that Yugoslav socialism had not sufficiently developed market-based socialism. There were authors that argued that Yugoslav socialism had become capitalist but without capitalist rationality. In the 1970s, the de iure existing federation became a de facto confederation with closed national economies. The chapter discusses the presence of elements of capitalism in this form of socialism based on (a) dependence on the world market, (b) banks as the institutionalization of “financial mode of capital,” and (c) the existence of perpetuated unemployment
Emerging Markets
No full textThe rapid growth and development of emerging economies offer both opportunities and threats for international businesses. Understanding the economic development of emerging markets, combined with a knowledge of the increasingly complex international business market, enables better exploitation of opportunities in increasingly competitive world markets. The BRIC countries, the most prominent emerging markets, have long been discovered by foreign firms due to their enormous potential for investment opportunities. This book offers a comprehensive look at emerging markets, especially as they integrate with the global economy. It offers a conceptual framework to analyze emerging markets from multiple perspectives, including those of indigenous entrepreneurs struggling to overcome constraints to build world-class businesses, multinationals from developed countries tapping into emerging markets for their next growth spurt, and domestic and foreign investors seeking to profit from investment opportunities in emerging markets
El dólar chino vinculado al de Hong Kong durante la crisis global
No full textThis paper explores the domestic price level and trade competitiveness of Hong Kong in addition to the compatibility of this dollar-based currency board to the criteria inspired by the optimum currency area (OCA) theory. On price and competitiveness, findings point out that during the turmoil Hong Kong had not performed as well as that in the past and an apparent reason for this is the inflows of hot capital from abroad especially of the US that fuelled rising property prices. On conformity to the OCA criteria, the findings broadly corroborate the fixed exchange regime with the US as the monetary anchor country but at the same time China appears as a prospective contender to US as the monetary anchor. In the longer run, amidst the prolonged economic and monetary weaknesses in the US plus the emergence of renminbi as a global currency, Hong Kong might as well unify its exchange rate with the Chinese moneyEste artigo explora o nível de preços domésticos e a competitividade co-mercial de Hong Kong, além da compatibilidade desse quadro de moedas baseado no dólar com os critérios inspirados na teoria da área monetária ótima (OCA). No preço e na competitividade, as descobertas apontam que, durante a turbulência, Hong Kong não teve desempenho tão bom quanto no passado e uma razão aparente para isso é o influxo de capital quente do exterior, especialmente dos EUA, que alimentou o aumento dos preços dos imóveis. Em conformidade com os critérios da OCA, os resultados corroboram amplamente o regime de câmbio fixo com os EUA como o país âncora monetária, mas ao mesmo tempo a China aparece como um candidato em perspectiva aos EUA como âncora monetária. No longo pra-zo, em meio às fraquezas econômicas e monetárias prolongadas nos EUA, além do surgimento do renminbi como moeda global, Hong Kong também poderia unificar sua taxa de câmbio com o dinheiro chinê
Germany versus the United States: Monetary Dominance in the Eurozone
No full textThis study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their relations with the hegemonic economy have been more symmetrical after “euroization”. The dimensions explored are those inspired by the optimum currency areas (OCA) framework. To some extent, the findings could signify if real convergence has been significantly endogenous. At the same time, to assess the relative dominance of Germany, the features against Germany are compared to those against US. In addition, the paper also appraises some aspects of economic performance to check whether economic conditions across the states have improved and converged after unification. In some convergence aspects, findings suggest remarkable convergence with Germany and across the states but also relative convergence with US. On economic performance, results indicate substantial improvements in inflation and unemployment. Amongst the founding states, Ireland has idiosyncratically shown serious divergences in a number of the convergence and performance measures
Hong Kong, ligado à moeda chinesa, durante a crise global
No full text1 recurso en línea (páginas 87-113).Este artigo explora o nível de preços domésticos e a competitividade comercial de Hong Kong, além da compatibilidade desse quadro de moedas baseado no dólar com os critérios inspirados na teoria da área monetária ótima (OCA). No preço e na competitividade, as descobertas apontam que, durante a turbulência, Hong Kong não teve desempenho tão bom quanto no passado e uma razão aparente para isso é o influxo de capital quente do exterior, especialmente dos EUA, que alimentou o aumento dos preços dos imóveis. Em conformidade com os critérios da OCA, os resultados corroboram amplamente o regime de câmbio fixo com os EUA como o país âncora monetária, mas ao mesmo tempo a China aparece como um candidato em perspectiva aos EUA como âncora monetária. No longo prazo, em meio às fraquezas econômicas e monetárias prolongadas nos EUA, além do surgimento do renminbi como moeda global, Hong Kong também
poderia unificar sua taxa de câmbio com o dinheiro chinês.This paper explores the domestic price level and trade competitiveness of Hong Kong in addition to the compatibility of this dollar-based currency board to the criteria inspired by the optimum currency area (OCA) theory. On price and competitiveness, findings point out that during the turmoil Hong Kong had not performed as well as that in the past and an apparent reason for this is the inflows of hot capital from abroad especially of the US that fuelled rising property prices. On conformity to the OCA criteria, the findings broadly corroborate the fixed exchange regime with the US as the monetary anchor country but at the same time China appears as a prospective contender to US as the monetary anchor. In the longer run, amidst the prolonged economic and monetary weaknesses in the US plus the emergence of renminbi as a global currency, Hong Kong might as well unify its exchange rate with the Chinese money.Este documento explora el nivel de precios internos y la competitividad comercial de Hong Kong, además de la compatibilidad de esta caja de conversión basada en el dólar con los criterios inspirados en la teoría de la zona monetaria óptima (ZMO). En cuanto al precio y la competitividad, los hallazgos señalan que durante la agitación Hong Kong no se había desempeñado tan bien como en el pasado y una razón aparente de esto son
las entradas de capital proveniente del extranjero, especialmente de los Estados Unidos, que impulsaron el alza de los precios de las propiedades. En conformidad con los criterios de la ZMO, los hallazgos corroboran
ampliamente el régimen de cambio fijo con los Estados Unidos como país ancla monetaria, pero, al mismo tiempo, China aparece como un posible candidato a contendor de Estados Unidos como ancla monetaria. A más largo plazo, en medio de la prolongada debilidad económica y monetaria en los Estados unidos, más el surgimiento del renminbi como moneda global, Hong Kong podría también unificar su tipo de cambio con el dinero chino.Bibliografía: páginas 112-113.Código de Clasificación de Journal of Economic Literature (JEL) : F31, F32, F41, F42, O53
