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Hugo Chávez’s Third Devaluation (ARI)
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ARI 24/2010 (Translated from Spanish) - 8/3/2010
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Ronald Balza Guanipa
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The devaluation is the consequence of accelerated internal public
spending funded through oil revenues. Although spending won Hugo Chávez
votes, a significant number of voters may now be feeling the negative
effects of devaluation.
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Can the Euro Compete with the US Dollar?: The View from the BRICs (ARI)
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ARI 26/2010 (Translated from Spanish) - 5/3/2010
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Miguel Otero Iglesias
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As things now stand, for the BRIC countries (Brazil, Russia, India and
China) the euro poses no threat to the US dollar from a material
standpoint. However, as far as ideas are concerned, there has in fact
been a change in the status quo of the international monetary system.
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Developing India’s Surface Transport Capability: The Case of Road Infrastructure (ARI)
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ARI 37/2010 - 25/2/2010
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Rajeev Anantaram
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The Government of India is making concerted efforts to reduce transport
bottlenecks, particularly on roads. This ARI discusses the new policy
initiatives formulated as part of an evolving regulatory regime,
particularly those intended to encourage greater private sector
participation and foreign direct investment.
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The Way Forward for the Spanish Economy: More Internationalisation (WP)
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WP 1/2010 - 15/1/2010
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William Chislett
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The collapse of the construction sector brutally exposed the shortcomings of the lopsided economic model. The economy needs to become more internationalised through exports and direct investment abroad in order to create jobs on a more sustainable basis and employment of a higher quality.
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The Momentum of Indonesia’s Economic Recovery (ARI)
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ARI 167/2009 - 15/12/2009
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Fajar B. Hirawan
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It is clear that no single country can be immune from the global recession, including Indonesia. The impact on the latter has distorted some of its economic indicators, especially growth and trade. In line with the efforts made by its government to handle the crisis, Indonesia held elections, both legislative and presidential, in 2009. This ARI looks at the implications of the elections and the prospects for Indonesia’s economy after them.
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How Can Spain Benefit from a Climate Deal in Copenhagen? (WP)
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WP 62/2009 - 11/12/2009
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Rolando Fuentes
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Spain, on its own, is not a key player in the negotiations for the
potential successor of the Kyoto Protocol that is expected to be
‘politically agreed’ at the Climate Change Summit in
Copenhagen.However, Spain can play an important role in
that it will occupy the Presidency of the EU during the first half of
2010. Moreover, Spain could influence the negotiations towards
win-win situations for the country.
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Will the Euro Ever Replace the US Dollar as the Dominant Global Currency? (WP)
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WP 54/2009 - 19/10/2009
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Guillermo de la Dehesa
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There are two major handicaps that will make very difficult for the
euro to overtake the US dollar as a dominant currency. First, the EA still has a very fragmented banking and capital market,
which makes it more difficult to fully exploit economies of scale and
of scope and network externalities. The second is that since the EU and
the EA are only unions of independent nations and not a federal state,
it will be extremely difficult to overtake the US dollar and
maintain a dominant international role while the governance of the EU
and EA remains unchanged.
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The Global Economic Crisis and India: An Analysis (ARI)
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ARI 129/2009 - 10/9/2009
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Pankaj Vashisht and Sriparna Pathak
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The unfolding global financial crisis comes in various forms and presents many challenges as well as opportunities, even though it is too early to predict any specific outcome. However, the fact remains that the international system and the concept of power as such is undergoing a shift. This has serious implications for the developing world. The financial crisis presents India in particular with several geopolitical implications.
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The Blessing of Having the Euro and the Need to Make it Better (WP)
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WP 41/2009 - 21/7/2009
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Charles Wyplosz
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Something extraordinary has happened during the Global Crisis that
started in 2007. Despite acute financial turmoil and massive injections
of liquidity, exchange rates in the euro area have not faced the kind
of speculative attacks that were the unavoidable feature of every
previous crisis. The reason, of course, is that there are no exchange
rates.
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The Way to a New Deal on Climate Change (WP)
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WP 40/2009 - 20/7/2009
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Mikel González-Ruiz de Eguinon and Antxon Olabe
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Within a few months, on 7 December 2009, 195 countries will meet in Copenhagen with a common mission: to find a way out of the climate change crisis. The Climate Change Conference –COP15 in United Nations jargon– aims to lay the foundations of a post-Kyoto agreement that provides workable solutions for a problem that threatens ‘to lead to some impacts that could be abrupt and irreversible’ and undermine global security.
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