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Motives and Effectiveness of Forex Interventions
This paper assesses empirically the motives and effectiveness of forex interventions in Peru. While the central bank of Peru states that its forex interventions aim only at containing excessive exchange rate volatility, the results of this paper show that, in practice, the interventions seem to have aimed at “leaning against the wind” as well. The results also show that forex sales, but not forex purchases, react to volatility, indicating asymmetry in the central bank’s reactions to episodes of appreciation and depreciation pressures. Similarly, the paper documents evidence of asymmetry in the effectiveness of forex interventions.
China And Latin America: Economic And Trade Cooperation In The Next Ten Years
The international financial crisis in 2008 marked the beginning of important changes in the international economic system. The emerging market economies are increasingly becoming a driving force for the global economic growth. Under such circumstances, the Sino-Latin American economic and trade cooperation has entered a new period of historical opportunity. Based on the economic development trend and the adjustment of policy, this book explores the prospect for Sino-Latin American economic and trade cooperation. It tracks the development path for this cooperation in the next 10 years by analyzing resource endowment, industrial structure, economic system, development pattern, basic economic policy, economic environment, economic and trade relations between China and Latin America .
Peru
Peru stands out among Latin American countries as an example of successful economic reforms over the past decade. This comprehensive look at Peru's economy traces that country's journey from a debt crisis in the 1980s to having buffers in place that allowed it to emerge unscathed from the global financial crisis. The book examines the steps Peru undertook to achieve these results and extracts lessons to be learned. Chapters are written by IMF staff and Peruvian economists.
An Opportunity for a Different Peru
For the first time in the republican history of Peru, the presidential transition takes place in democracy, social peace, fast economic growth and favorable world markets. In other words, there has never been a better chance to build a different Peru - a richer country, more equal and governable. There are multiple ways to achieve that goal. New reforms must stem from a widespread and participatory debate, one of a common vision conceived for and by Peruvians. This book aims at making a technical and independent contribution to such debate; it summarizes the knowledge available about the challenges to be faced by the new administration. The study does not recommend silver bullets, but sugges...
Action and Knowledge
Technical problems require technical solutions that are innovative, simple, cheap, robust and easy to maintain. This book lists 100 winning inventions in the first International Inventors Award competition, organized in Stockholm.
Targeted Violence
Drawn from case examples of incidents from around the world, Targeted Violence: A Statistical and Tactical Analysis of Assassinations, Contract Killings, and Kidnappings is the most complete resource of information on the attack methodologies, tactics used, and groups responsible for targeted killings and kidnappings. The author, a former SWAT and
Spirit Messages to My Mother
This eye-opening, 5x8, 428 page, non-fiction book contains a multitude of inspirational messages received by the extraordinary trance medium Monserrate Conesa, as dictated to her daughter Gilda Mirós. A compilation of fifty years of communications with "The World Beyond." This incredible and heartwarming book contains messages that will inspire the readers; provoking an awareness of their immortality and confirming that there is life after death. These fascinating spirit messages reveal - once and for all - that reincarnation does exist; that loving family members and close friends continue to seek one another after this life, and that death is just a swift transition from one world to another! Spirit life stories, eternal loves, mother/daughter past lives and spirit advice; written with great love and accuracy by the author Gilda Mirós. This true incredible account of psychic communication is a marvelous gift to the world.
Out of Captivity
On February 13, 2003, a plane carrying three American military contractors--Marc Gonsalves, Tom Howes, and Keith Stansell--crashed in the mountainous jungle of Colombia. Dazed and shaken, they awoke covered in blood with automatic rifles pointing at their faces. As of that moment they belonged to the Colombian terrorist organization known as the FARC, American captives in Colombia′s volatile conflict that has stretched over the last half century. This harrowing crash and abduction began five and a half years of captivity at the hands of the FARC, as these three men struggled to survive the madness of their surroundings. In OUT OF CAPTIVITY, Gonsalves, Howes, and Stansell recount their amaz...
