Hoe Ee Khor's Books

Pacific island countries face unique challenges to realizing their growth potential and raising living standards. This book discusses ongoing challenges facing Pacific island countries and policy options to address them. Regional cooperation and solutions tailored to their unique challenges, as well as further integration with the Asia and Pacific region will each play a role. With concerted efforts, Pacific island countries can boost potential growth, increase resilience, and improve the welfare of their citizens.

This paper explores how interest rates on domestic financial assets in Mexico are linked to expectations of exchange rate changes and to perceptions about the default risks contained in Mexico’s external debt. It is shown that the interest rate differentials between peso- and U.S. dollar-denominated domestic assets reflected some concerns about the exchange rate policy during the period under study. In addition, the evidence suggests that the interest rate on a U.S. dollar-denominated Mexican domestic asset is linked (i.e., cointegrated) to the yield implicit in the secondary market price for external debt issued by Mexico.

This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.

This is a prepublication excerpt of Resilience and Growth in the Small States of the Pacific.

Book's by Hoe Ee Khor

Resilience and Growth in the Small States of the Pacific

Resilience and Growth in the Small States of the Pacific

Interest Rates in Mexico

Interest Rates in Mexico

China at the Threshold of a Market Economy

China at the Threshold of a Market Economy

Excerpt: Resilience and Growth in the Small States of the Pacific

Excerpt: Resilience and Growth in the Small States of the Pacific

China at the Threshold of a Market Economy

China at the Threshold of a Market Economy

Excerpt: Resilience and Growth in the Small States of the Pacific

Excerpt: Resilience and Growth in the Small States of the Pacific

Resilience and Growth in the Small States of the Pacific

Resilience and Growth in the Small States of the Pacific

Interest Rates in Mexico

Interest Rates in Mexico

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