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Internationalization of Emerging Market Currencies
Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.
China and the World
What is China's rightful place on the world stage? Will the world remain unipolar as signs of American decline appear to be mounting? How can China maintain a harmonious relationship with its neighbors? What does China intend to do with the new power and influence that appears to be at its disposal? In light of emergent post-2008 economic realities, how should China adjust its foreign economic relations? This volume, the first of its kind, gathers a collection of translations of influential essays, talks, and papers on Chinese foreign policy, national security, and foreign economic relations written by Chinese elites. Many papers have also served as propositions for policy prescriptions to China's leaders, the vast majority of which have to date only been available in Chinese.
Localized Bargaining
Looks at the rollout of one of the largest infrastructure programs in human history to show how local governments play a complex role. China's high-speed railway network is one of the largest infrastructure programs in human history. Despite global media coverage, we know very little about the political process that led the government to invest in the railway program and the reasons for the striking regional and temporal variation in such investments. In Localized Bargaining, Xiao Ma offers a novel theory of intergovernmental bargaining that explains the unfolding of China's unprecedented high-speed railway program. Drawing on a wealth of in-depth interviews, original data sets, and surveys with local officials, Ma details how the bottom-up bargaining efforts by territorial authorities--whom the central bureaucracies rely on to implement various infrastructure projects--shaped the allocation of investment in the railway system. Demonstrating how localities of different types invoke institutional and extra-institutional sources of bargaining power in their competition for railway stations, Ma sheds new light on how the nation's massive bureaucracy actually functions.
East Asian Steel Projections for the 1990s
"In 1989 a research team from the Australia-Japan Research Centre (AJRC) undertook a study of the prospects for the East Asian steel industry for the 1990's. The aim was to assess the impact of developments in the region on industry strategies in Australia. This paper reviews those projections to see whether they were right or wrong. It also examines the growth of the East Asian industry over the last decade in the context of developments in the industry worldwide and reviews Australia's positions in regional iron ore and coal markets during the 1990's"--P. 1
Monetary and Financial Integration in East Asia: the Relevance of European Experience
The book analyses the Asian experience from both Asian and European perspectives.
