scholarly journals Economic Restrictions and Currency Performance: Evidence of African Countries

Author(s):  
Alex Adegboye ◽  
Ochei Ikpefan ◽  
Adebusola Oyegoke ◽  
Stephen OJEKA ◽  
Ibukunoluwa Adeyanju

Abstract This study explores the impact of diverse economic restrictions on currency performance. We assess a panel dataset of 30 African countries for the period 1990–2010. Our empirical evidence is based on the fixed effect regression and the Quantile regression approach. We find that the United States, European Union, economic and intensity sanctions weaken the real exchange rates. However, we establish that the U.N. sanctions are insignificant. As for the policy implication, sanctioned countries should implement a policy that could mitigate the adverse consequences of economic restrictions on currency performance.

1987 ◽  
Vol 16 (2) ◽  
pp. 123-129
Author(s):  
Ralph E. Bierlen ◽  
David Blandford

Canadian exports of fresh carrots to the United States have increased substantially in recent years. The depreciation of the Canadian dollar against the U.S. dollar has been a major factor. Canadian government subsidies also may have had an impact by accelerating the construction of cold storage facilities. These have permitted the marketing period to be extended. However, an analysis of costs and returns suggests that cold storage of carrots is commercially profitable. Storage capacity would probably have increased without government aid. The returns to storage and the change in exchange rates are the primary factors contributing to the expansion of Canadian exports.


Author(s):  
Marina Popa ◽  
Maia Pisaniuc

The objective of this research is to demonstrate the impact of technological, economic and social indicators on productivity and competitiveness through the HARD Matrix method, proposed by the European Commission. The level of economic development of different countries, as well as the degree of diversification and specialization of their world production, determines the degree of integration of national economies in the world economy that differs considerably by country and group of countries. The expansion and amplification of the internationalization process have substantially changed the place and role of each state in the world economy. Due to this process, today's world economy is no longer a simple sum of economies put in contact, but a global-universal system, unitary through the interrelationships between the component subsystems and its extremely heterogeneous structure. In the twenty first-century, the process of amplifying innovation, the net economy, and the Covid 19 pandemic have shaped new trends in the world countries and determined the balance of power between the three great empires of the world – the United States, the European Union, and China. At the same time, there are no similar links between the United States, the European Union and China, they do not share the same culture, do not share the same geographic space, and do not use the same models of economic development, but all of them consider innovation, sophisticated business, technology, safe tools in promoting economic growth and competitiveness.


2022 ◽  
Vol 10 (1) ◽  
Author(s):  
Clara Portela ◽  
Thijs Van Laer

Since the 1990s, sanctions senders like the European Union, the United States, and the United Nations have been imposing visa bans and asset freezes on individuals as a key element of their sanctions packages. Notwithstanding the growing centrality that individual sanctions have acquired in international sanctions practice, little is known about the impact of sanctions listings on designees. Some researchers have scrutinised targeting choices, while others have explored the effects of sanctions on designees. However, no study has yet examined the fit between targeting choices and impacts on designees. First, we interrogate the theory of targeted sanctions to identify the expectations that it generates. Second, we examine the effects on designees and contrast them with the targeting logic of the sender, in a bid to ascertain their fit. Our analysis of the cases of Côte d’Ivoire (2010–2011) and Zimbabwe (2002–2017) benefits from original interview material.


Author(s):  
Olga L. Fituni

In the end of 2021, the eighth Forum on China-Africa Cooperation (FOCAC) Ministerial Conference was held. The conference, which takes place every three years alternately in the PRC and one of the African countries, each time marks a certain new stage in the development of Sino-African relations and charts new paths along this path. The Dakar forum however was of particular strategic importance. It took place in fundamentally new conditions of a profoundly changed post-COVID world, in which the physical capabilities and limitations of mutual communication became different, because of the pandemic; the conditions of human security on the planet have fundamentally changed; the prevailing paradigms of the globalization process have been seriously. The FOCAC-2021 sought to outline the ways for the development of the entire multifaceted complex of Sino-African in new historical conditions. The author analyzes the degree of implementation of the plans and targets of the previous FOCAC-2018 Summit. New benchmarks and goals for the next three years of Sino-African cooperation and the impact on them of new objective conditions, including the COVID-19 pandemic, the growth of confrontation in relations between the PRC and the United States and its allies, and the reformatting of previous globalization ties and interdependencies are highlighted as they have been outlined in Dakar. The author argues that, despite these fundamental global transformations, China's African strategy, in contrast to relations with a number of key world actors, does not undergo a profound modification. China sets the task not to fundamentally change, its strategy in African and routine engagement with its with partners on the continent under the influence of the new factors, but only to adapt to the realities of the post-COVID world order, in the context of the emerging balance of power and interests in the world.


Author(s):  
Michael Smith ◽  
Rebecca Steffenson

This chapter examines the evolution of the European Union's relations with the United States. More specifically, it looks at the ways in which EU–US relations enter into the international relations of the EU as well as the implications for key areas of the EU's growing international activity. The chapter begins with an overview of the changing shape and focus of the EU–US relationship as it enters into economic, political, and security questions. It then considers the impact of EU–US relations on the EU's system of international relations, on the EU's role in the processes of international relations, and on the EU's position as a ‘power’ in international relations. It shows that the EU–US relationship has played a key (and contradictory) role in development of the EU's foreign policy mechanisms.


2016 ◽  
Vol 41 (3-4) ◽  
pp. 368-395 ◽  
Author(s):  
Žygimantas Juška

Contingency-fee agreements are one—if not the only—tool that can be used to ensure that small-stakes collective antitrust actions are heard, yet they are subject to strong resistance from the European Union. There is a concern that contingency fees could lead to abuses of the system or conflicts of interest, as has been seen in the United States. Contrary to eu policy, two proactive member states—Lithuania and Poland—have introduced the possibility of using contingency fees in group litigation in order to facilitate group actions. Despite having a lot of potential, this paper will demonstrate that the introduction alone of contingency fees will not facilitate the compensation objective that is embedded in the Directive on damages actions. In addition, it will show that the safeguard policy against frivolous litigation is sufficient to limit the possibilities for litigation abuses, but it is ineffective for monitoring the individual behavior of group representatives.


2020 ◽  
Vol 1 (2) ◽  
pp. 7-14
Author(s):  
Donald L. Buresh

This paper evaluates the effect of the Estonian cyber incident on Estonia, Russia, the United States, the European Union, and the North Atlantic Treaty Organization, also known as NATO. The paper employs the Valeriano and Maness criteria for evaluating a cyber incident critically. The article asks how did the Estonian cyber incident come to pass, what were the foreign policy and international relationship effects, what was the impact on Estonia, and how did Estonia react to the attack. The essay concludes that the Estonian cyber incident was a catalyst, prompting the nations listed herein to address the effects of cyber-attacks, and then search for acceptable solutions.


Author(s):  
Ilmir Nusratullin ◽  
Raul Yarullin ◽  
Tagira Ismagilova ◽  
Olga Eremeeva ◽  
Tatiana Ermoshina

As part of this study, the goal is set to assess the impact of sanctions imposed by the United States and the European Union on the economy and financial sector of Russia, to identify the effectiveness of the initial goals of these countries. To achieve the goal, the legal acts concerning the imposed sanctions of the USA and the European Union against Russia were first analyzed, a chronology of events was described, and sanctions were classified. Further, based on the data of the World Bank and the Federal State Statistics Service of the Russian Federation, the results of the sanction pressure on the Russian economy and financial sector were estimated. Then the results of this study were compared with the results obtained by other scholars. The paper concluded that the sanctions of the United States and the European Union did have an impact on the economy and financial sector of Russia, but this influence was not as significant as the leaders of these countries expected. In addition, the impact of the sanctions is gradually decreasing despite the introduction of new sanctions on various pretexts.


Author(s):  
Elizabeth Schmidt

This chapter examines the impact of the Cold War on Africa. It explains that while Africa is the least-known Cold War battleground, the United States, the Soviet Union, China, and Cuba became embroiled in the internal affairs of countless African countries. The chapter analyzes the ideologies, practices, and interests of these main external actors and describes the four major arenas of conflict that are representative of broad trends in Cold War intervention in Africa. It also discusses how the Cold War altered the dynamics of local struggles, created unprecedented levels of destruction and widespread instability, and contributed to many of the problems that plague Africa today.


Author(s):  
Timothy Galpin

The period from signing a negotiated and agreed sale and purchase agreement (SPA) to actual deal close is full of hurdles, including satisfying regulatory requirements, gaining third-party approvals, and securing shareholder consent for the transaction. This chapter provides an overview of the key elements of consummating a transaction, from “signing to closing,” and covers the SPA; regulatory requirements and reviews in the United States, United Kingdom, and European Union; national security regulatory reviews; public versus private transactions; asset versus stock sales; closing and post-closing requirements; determining a final transaction price; methods of funding; break fees; earn-out provisions; and the impact of activist investors on M&A. The tools, templates, best practices, potential pitfalls, and a case example of how to move a deal from signing to closing are also addressed, along with the main participants, core activities, buyer’s and seller’s perspectives, and key cross-border considerations.


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