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In 1950 Sri Lanka's un-adjusted school enrolment ratio as a share of the 5-19 year age group was 54%, India 19%, Korea 43% and the Philippines 59%. But by 1979 Sri Lanka's school enrollment rate was 74%, but the Philippines had improved to 85% and Korea was 94%. [65] Sri Lanka had inherited a stable macro-economy at independence. [66]
Mixed exchange rate regimes ('dirty floats', target bands or similar variations) may require the use of foreign exchange operations to maintain the targeted exchange rate within the prescribed limits, such as fixed exchange rate regimes. As seen above, there is an intimate relation between exchange rate policy (and hence reserves accumulation ...
A key prediction of any menu cost model is that the fraction of firms that re-price in a given time interval will increase with increases in the inflation rate. And for deflation, even large disinflations have small real effects if credibly carried out. [21] So, the higher the inflation rate, the lower the menu cost.
The central parity rate of the Renminbi against the US dollar opened at 6.9249, a drop of 373 basis points from the previous trading day. [296] It fell below the 7.00 than an hour after the opening, [297] and closed at 7.0257. [298] The World Bank expects China to grow by just 0.1–2.3%, the lowest growth rate in decades. [299]