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  • 1
    UID:
    gbv_1877052620
    Format: 1 Online-Ressource (47 pages)
    Content: Emerging markets and developing economies (EMDEs) exhibit significantly greater volatility in asset returns than advanced economies. The commonalities in these returns (and flows) across countries are particularly strong for EMDEs. If these occur independently of the exchange rate regime and if these global financial cycle effects are furthermore independent of countries' financial openness, the result is Obstfeld (2022)'s "Lemma": countries can do nothing to decouple from the global financial cycle. Under the prevalent view that U.S. monetary policy is the key driver of the global financial cycle, countries then inherit U.S. monetary policy no matter what they do on exchange rates or capital control policies. Using structural vector autoregression models for 78 countries over 1995-2019, as well as different methods of identifying U.S. monetary policy shocks from the literature, this paper tests the proposition that countries with less open capital accounts exhibit systematically smaller responses to U.S. monetary policy shocks than low capital control countries. This paper also considers the role of other institutional features such as exchange rate regimes and foreign exchange interventions in explaining cross-country differences in the responses to the shocks. The empirical results suggest that more stringent capital controls exhibit smaller responses of interest rates and exchange rates to U.S. monetary policy shocks and that this result holds more firmly for EMDEs than advanced economies. In contrast, the analysis finds only weak evidence that the degree of exchange rate flexibility affects U.S. spillovers to foreign interest rates and exchange rates
    Additional Edition: Erscheint auch als Druck-Ausgabe Ha, Jongrim Capital Controls in Emerging and Developing Economies and the Transmission of U.S. Monetary Policy Washington, D.C. : The World Bank, 2023
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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  • 2
    UID:
    gbv_1691497630
    Format: xxi, 304 Seiten , 22 cm
    ISBN: 3030285871 , 9783030285876 , 9783030285906
    Series Statement: Palgrave studies on Chinese education in a global perspective
    Note: Includes bibliographical references and index
    Additional Edition: ISBN 9783030285883
    Additional Edition: Erscheint auch als ISBN 9783030285883
    Language: English
    Keywords: China ; Nordische Staaten ; Kulturkontakt ; Kulturelles System ; Ausbildung ; Interkulturelle Erziehung ; Aufsatzsammlung
    Author information: Dervin, Fred 1974-
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  • 3
    Online Resource
    Online Resource
    Cham, Switzerland :Palgrave Macmillan,
    UID:
    almahu_BV046284100
    Format: 1 Online-Ressource (xxi, 304 Seiten).
    ISBN: 978-3-030-28588-3
    Series Statement: Palgrave studies on Chinese education in a global perspective
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-030-28587-6
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-030-28589-0
    Additional Edition: Erscheint auch als Druck-Ausgabe ISBN 978-3-030-28590-6
    Language: English
    Keywords: Bildungspolitik ; Internationaler Vergleich
    URL: Volltext  (URL des Erstveröffentlichers)
    Author information: Dervin, Fred, 1974-
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  • 4
    Online Resource
    Online Resource
    Cham :Springer International Publishing :
    UID:
    edoccha_9959168756902883
    Format: 1 online resource (311 pages) : , illustrations.
    Edition: 1st ed. 2019.
    ISBN: 3-030-28588-X
    Series Statement: Palgrave Studies on Chinese Education in a Global Perspective
    Content: ‘This fascinating book puts a cat among the pigeons in the global field of education. The authors make a convincing case for us to reevaluate the way two different education utopias are perceived and represented in the world. Using a method that is critical of 'false comparativism', the book introduces a wealth of studies that force us to abandon our hierarchical perceptions of Chinese and Nordic education.’ —Mei Yuan, Minzu University of China, China This book examines how the two educational systems of China and the Nordic countries intersect. Over the past decade, there has been increased growth and interaction between China and the Nordic countries due to both government encouragement and academic curiosity. This book rejects a simplistic approach that presents both spaces as culturally uniform, confronting ‘East’ and ‘West’ entities, and suggests a comparative and contrastive approach that is critical and reflexive in both theory and methodology. This does not solely concentrate on difference, but emphasises similarities, including studies on philosophical, conceptual and methodological issues. This nuanced edited collection will appeal to students and scholars of Nordic and Chinese education as well as globalisation and interculturality. Haiqin Liu is Researcher at the Faculty of Educational Sciences of the University of Helsinki, Finland. Her research interests include multilingual education, interculturality and international teacher education. Fred Dervin is Professor of Multicultural Education at the University of Helsinki, Finland. He specializes in intercultural education, the sociology of multiculturalism and academic mobility. Xiangyun Du is Professor at the College of Education, Qatar University, Qatar, and Aalborg UNESCO Centre for Problem Based Learning in Engineering Science and Sustainability, Aalborg University, Denmark. Her main research interests include pedagogical development, particularly problem-based and project-based learning methods.
    Note: Chapter 1. Introduction; Fred Dervin, Haiqin Liu, Xiangyun Du -- PART I. Experiencing each other's emotion -- Chapter 2. The role of the migration industry in Chinese student migration to Finland: Towards a new meso-level approach; Hanwei Li -- Chapter 3. Chinese university leaders' perceptions of effective transnational professional development; Xin Xing -- Chapter 4. Narrative inquiry of beginner teachers' experience and changes in beliefs in the Danish secondary school context; Li Wang -- PART II. Nordic-Chinese intersections: Conceptual and methodological aspects -- Chapter 5. Beyond comparative methods in research on transnational education cooperation: A proposed theoretical model for examining contextual complexities; Jin Hui Li -- Chapter 6. Lutheranism and Confucianism between national education and globalization: A theoretical discussion; Mette Buchardt and Xiangyun Du -- Chapter 7. 21st century competencies in the Chinese science curriculum; Yan Wang, Jari Lavonen and Kirsi Tirri -- Chapter 8. Policy intersections on education for the gifted and talented in China and Denmark; Annette Rasmussen -- PART III. Transnational cooperation in education: Policies and practices -- Chapter 9: Comparing doctoral education in China and Finland: An institutional logics perspective; Gaoming Zheng, Wenqin Shen, Jussi Kivistö and Yuzhuo Cai -- Chapter 10. Experience of Sino-Finnish joint degree provision: practitioners' perspectives; Yuzhuo Cai, Baocun Liu and Chujun Xiao -- Chapter 11. Contemporary Danish strategies of internationalisation through student mobility with China: The development of instrumentality in interculturality; Niels Erik Lyngdorf -- Chapter 12. Educational patriotism inspired by China; Arild Tjeldvoll -- Chapter 13. Conclusion: Comparing Chinese and Nordic education systems: some advice .
    Additional Edition: ISBN 3-030-28587-1
    Language: English
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  • 5
    UID:
    gbv_1892391813
    Format: 1 Online-Ressource
    Series Statement: Policy Research Working Papers 10582
    Content: Emerging markets and developing economies (EMDEs) exhibit significantly greater volatility in asset returns than advanced economies. The commonalities in these returns (and flows) across countries are particularly strong for EMDEs. If these occur independently of the exchange rate regime and if these global financial cycle effects are furthermore independent of countries' financial openness, the result is Obstfeld (2022)'s “Lemma”: countries can do nothing to decouple from the global financial cycle. Under the prevalent view that U.S. monetary policy is the key driver of the global financial cycle, countries then inherit U.S. monetary policy no matter what they do on exchange rates or capital control policies. Using structural vector autoregression models for 78 countries over 1995-2019, as well as different methods of identifying U.S. monetary policy shocks from the literature, this paper tests the proposition that countries with less open capital accounts exhibit systematically smaller responses to U.S. monetary policy shocks than low capital control countries. This paper also considers the role of other institutional features such as exchange rate regimes and foreign exchange interventions in explaining cross-country differences in the responses to the shocks. The empirical results suggest that more stringent capital controls exhibit smaller responses of interest rates and exchange rates to U.S. monetary policy shocks and that this result holds more firmly for EMDEs than advanced economies. In contrast, the analysis finds only weak evidence that the degree of exchange rate flexibility affects U.S. spillovers to foreign interest rates and exchange rates
    Note: English , en
    Language: English
    Library Location Call Number Volume/Issue/Year Availability
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