April 2010

Foreign exchange reserves in India and China

  Professor Irma Glicman Adelman, an Irish Economist working in California University at Berkely, in her research work on ‘Development Over Two Centuries’, which is published in the Journal of Evolutionary Economics, 1995, has identified that India, along with China, would be one of the largest economies in this 21st Century. She has stated that the period 1700 - 1820 is the period of Netherlands,...

Author(s): P. Arunachalam

April 2010

Real exchange rate misalignment in West African monetary zone (WAMZ) countries

  This paper investigates the potential costs of membership in a monetary union. We quantify the cost by examining the degree of exchange rate variability of WAMZα member countries. We took a closer look at exchange rate variability since 2000 (the run-up period). To put it differently, we examined whether member countries exchange rate variability has increased as they prepare to enter into a...

Author(s): Tamsir Cham