The revaluation of the yuan in July 2005 was described by the Chinese central bank as a change in the currency regime, rather than merely a changed level of the exchange rate. The reform was said to involve a shift away from the fixed exchange rate, a gradual movement towards greater flexibility, and a peg to a basket of currencies. This paper closely examines the post-July Chinese currency regime utilising contemporary ideas in the econometrics of structural change. We find that the yuan has remained pegged to the US dollar, rather than to a basket, and has extremely limited currency flexibility. We find no evidence of structural change in the post-July period, which suggests that there has been no evolution towards greater flexibility. We show a monitoring procedure which will detect future evolution of the currency regime. / Series: Research Report Series / Department of Statistics and Mathematics

Monetarinė politika – tai valstybės naudojamų priemonių rinkinys, kuriuo siekiama reguliuoti tam tikrus ekonomikos procesus. Efektyviai ir tinkamai vykdant monetarinę politiką valstybėje galima uţtikrinti: stabilias kainas, stabilią ir stiprią nacionalinę valiutą, didelį ekonomikos uţimtumą ir apskirtai visos ekonomikos aktyvumą. Kitaip sakant, sutrikusi, sunkiai besivystanti ekonomika tik patvirtina faktą, kad ją kontroliuojanti politika nėra efektyvi. Kaip tik tokia situacija Lietuvoje, kadangi po 2008 metais įvykusios pasaulinės finansų krizės Lietuvos ekonomika atsigauna, tačiau labai lėtai ir sunkiai. Šiuo metu labai daţnai galima išgirsti kaltinant monetarinę politiką aplaidumu, trumparegiškumu ir apskirtai neefektyvumu. Vis daugiau specialistų, analitikų ir kitų asmenų pasisako prieš Lietuvoje naudojamą valiutų valdybą. Šiuo darbu siekiama įvertinti, kuris monetarinės politikos modelis yra efektyvesnis ir tinkamesnis Lietuvos ekonomikos reguliavimui. Šio tikslo pasiekimas įmanomas - tik įvertinus Lietuvos monetarinės politikos bei ekonomikos raidą ir esamą situaciją, išanalizavus ir identifikavus teorinius modelių skirtumus bei panašumus ir atlikus monetarinių modelių palyginimą-vertinimą remiantis statistiniais duomenimis. Šio tyrimo metu atlikta vertikali ir horizontali palyginamoji analizė, kurios metu buvo lyginami įvairūs monetariniai modeliai, ekonomikos indikatoriai bei skaičiuojami įvairūs matematiniai ir statistiniai įverčiai. Tyrimo metu paaiškėjo, kad... [toliau žr. visą tekstą] / Monetary policy is the set of instruments used by a state, in order to regulate certain economic processes. With effective and suitable execution of monetary policy in a state it is possible to ensure: stable prices, stable and strong national currency, high economic employment and activity of the whole economics in general. In other words, disturbed, hardly developing economics just confirms the fact that the policy, which controls it, is not effective. Such a situation is present in Lithuania, as after the world financial crisis in 2008 the economics of Lithuania has been recovering, however, very slowly and difficult. At the moment it is quite common to hear ones blaming monetary policy for negligence, nearsightedness and inefficiency in general. More and more specialists, analysts and other persons mind the currency board arrangement, used in Lithuania. This paper seeks to identify, which model of monetary policy is more effective and suitable for regulation of the economics of Lithuania. This goal may be achieved only after evaluating the development and present situation of monetary policy and economics of Lithuania, after analyzing and identifying theoretical differences and similarities of models, and after making a comparison- evaluation of models, according to statistical data. Vertical and horizontal comparative analysis was carried out during this research, where various monetary models, economics‟ indicators were compared, and various mathematical and statistical... [to full text]

The aim of this diploma thesis is to analyze the economic and political development of Botswana and Zimbabwe in the last 50 years. Emphasis is placed mainly on the contradictory development in both countries, as the previously flourishing economy of Zimbabwe almost collapsed in the last decade, while the once poor Botswana gradually became Africa's miracle and role model for the optimal development policy. This thesis also seeks to propose measures that would help the distressed Zimbabwean economy to overcome this crisis and return on the growth path once again.