Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Capital Controls In Chile In The 1990s
Download Capital Controls In Chile In The 1990s full books in PDF, epub, and Kindle. Read online Capital Controls In Chile In The 1990s ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author :Mr.Francisco Nadal De Simone Publisher :International Monetary Fund ISBN 13 :1451847238 Total Pages :56 pages Book Rating :4.4/5 (518 download)
Book Synopsis A Review of Capital Account Restrictions in Chile in the 1990s by : Mr.Francisco Nadal De Simone
Download or read book A Review of Capital Account Restrictions in Chile in the 1990s written by Mr.Francisco Nadal De Simone and published by International Monetary Fund. This book was released on 1999-04-01 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the Chilean experience with capital controls and reviews studies on controls on capital inflows. Controls on Chile’s inflows had only a temporary impact in reducing specific inflows because they were affected by avoidance. There is some evidence that controls increased interest rates and altered the composition of capital inflows. The studies, however, contain important methodological problems in measuring flows and significant econometric weaknesses, which cast doubt on the robustness of the estimates. No study has assessed the political economy of the controls. It seems premature to view the Chilean experience as supportive of controls on capital inflows.
Book Synopsis Capital Controls in Chile in the 1990s by : Ingrid Vogel
Download or read book Capital Controls in Chile in the 1990s written by Ingrid Vogel and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Managing Capital Flows by : Mr.Jaime Cardoso
Download or read book Managing Capital Flows written by Mr.Jaime Cardoso and published by International Monetary Fund. This book was released on 1998-12-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a result of the Asian crisis, methods of coping with volatile international capital markets have received considerable attention from observers and policymakers. It has been argued that the imposition by Chile of a nonremunerated reserve requirement on external borrowing played a useful role in the smooth liberalization of its capital account by allowing Chile to deal effectively with short-term capital inflows and thus to reduce its vulnerability to external shocks, and that such measures should be adopted by other countries. In light of this, this paper reviews Chile’s experience in managing capital flows and draws lessons for policymakers.
Book Synopsis Microeconomic Effects of Capital Controls by : Francisco Gallego
Download or read book Microeconomic Effects of Capital Controls written by Francisco Gallego and published by . This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Account Policies in Chile Macro-financial considerations along the path to liberalization by : Mr.Yan Carriere-Swallow
Download or read book Capital Account Policies in Chile Macro-financial considerations along the path to liberalization written by Mr.Yan Carriere-Swallow and published by International Monetary Fund. This book was released on 2013-05-14 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper recounts Chile’s experience with capital account policies since the 1990s. We present how two external shocks were confronted under very different macroeconomic and capital account frameworks. We show that during the 1997-98 Asian-LTCM-Russia crisis, a closed capital account and relatively rigid exchange rate severely constrained the monetary policy response to the shock, aggravating the fall in domestic demand. During the 2008-09 crisis, a full-fledged inflation targeting framework allowed the authorities to implement a significant countercyclical response. We argue that domestic stability considerations lay behind the policy regime switch toward capital account liberalization from 1999 onwards.
Book Synopsis The Return of Private Capital to Chile in the 1990s by : Raúl Labán
Download or read book The Return of Private Capital to Chile in the 1990s written by Raúl Labán and published by . This book was released on 1998 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Borrowing, Capital Controls and the Exchange Rate by : Kevin Cowan
Download or read book International Borrowing, Capital Controls and the Exchange Rate written by Kevin Cowan and published by . This book was released on 2005 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper analyzes the Chilean experience with capital flows. We discuss the role played by capital controls, financial regulations and the exchange rate regime. The focus is on the period after 1990, the period when Chile returned to international capital markets. We also discuss the early 80s, where a currency collapse triggered a financial crisis in Chile, despite stricter capital controls on inflows than the 90s and tighter currency matching requirements on the banking sector. We conclude that financial regulation and the exchange rate regime are at the center of capital inflows experiences and financial vulnerabilities. Rigid exchange rates induce vulnerabilities, which may lead to sharp capital account reversals. We also discuss three important characteristics of the Chilean experience since the 90s. The first is the fact that most international borrowing is done directly by corporations and it is not intermediated by the banking system. The second is the implication of the free trade agreement of Chilean and the US regarding capital controls. Finally, we examine the Chilean experience following the Asian-Russia crisis, showing that Chile did not suffer a sudden-stop, but a current account reversal due to policy reactions and a sudden-start in capital outflows"--NBER website
Book Synopsis Capital Inflows and Investment Performance by : Manuel Agosin
Download or read book Capital Inflows and Investment Performance written by Manuel Agosin and published by . This book was released on 1997 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Flows, Capital Controls, and Currency Crises by : Felipe Larraín B.
Download or read book Capital Flows, Capital Controls, and Currency Crises written by Felipe Larraín B. and published by University of Michigan Press. This book was released on 2000 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the resurgence in private capital inflows experienced by Latin America during the 1990s
Book Synopsis Capital Controls and Implications for Surveillance and Coordination by : Márcio Gomes Pinto Garcia
Download or read book Capital Controls and Implications for Surveillance and Coordination written by Márcio Gomes Pinto Garcia and published by . This book was released on 2015 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Economic Reforms in Chile by : R. Ffrench-Davis
Download or read book Economic Reforms in Chile written by R. Ffrench-Davis and published by Springer. This book was released on 2015-12-04 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an in-depth analysis of neo-liberal and progressive economic reforms and policies implemented in Chile since the Pinochet dictatorship. The core thesis of the book is that there is not just 'one Chilean economic model', but that several have been in force since the coup of 1973.
Book Synopsis Capital Inflows and Investment Performance by : Manuel R. Agosin
Download or read book Capital Inflows and Investment Performance written by Manuel R. Agosin and published by . This book was released on 2000 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper deals with the relationship between capital inflow and investment during the most recent surge in foreign capital into the Chilean economy. The effects on investment of capital inflow are analyzed with a microeconomic model that emphasizes differential impacts on tradables and non-tradables. Empirically the paper deploys cointegration techniques to study the long-run relationships and an error-correction model for the short-term behavior of investment. The model allows interpretation of developments in the Chilean economy in the 1990s.
Book Synopsis Potential Output Growth in Emerging Market Countries by : Mr.Jorge Roldos
Download or read book Potential Output Growth in Emerging Market Countries written by Mr.Jorge Roldos and published by International Monetary Fund. This book was released on 1997-09-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates potential output and the sources of growth in Chile during 1970-96. Actual output is cointegrated with the quality-adjusted measures of capital and labor, and constant returns to scale cannot be rejected. The estimates of potential output show a positive output gap in the years when the Chilean economy was deemed to be overheated. In 1986-90, the quality-adjusted labor variable explains close to 60 percent of the growth rate of GDP, while during 1991-95 capital formation plays a dominant role. The contribution of TFP growth in Chile is relatively small, but, based on a comparison with European and East Asian experiences, it is expected to increase in the medium term.
Book Synopsis Capital Control and Latin America Growth. The Experience of 90's Decade by : Leonardo Cruz Basso
Download or read book Capital Control and Latin America Growth. The Experience of 90's Decade written by Leonardo Cruz Basso and published by . This book was released on 2003 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The object of the present work was the study of the macroeconomics behavior in the decade of 90, of the economies of Brazil, Argentina, Chile, Colombia and Mexico concerning the process of a larger liberalization of the controls of capitals. Due to several disastrous unfoldings that happened in the referred economies in the decade of 80, several currents of economic thought have been fighting a profitable intellectual debate concerning the cause-effect relationships arising out of the adoption (or not) of capital controls in times of crisis. The difference among them is that Mexico and Argentina opted for a total liberation of the flow of capitals, while Brazil, Chile and Colombia adopted controls when necessary. For the analyzed economies, the results show that the countries can obtain growth of the respective gross domestic products so much in the presence of control of capitals as in the absence of controls. Some economists argue that controls are harmful because in the absence of them the economies could recover and grow at higher rates, but we are pleased to see Latin-American countries grow at least, even with some capital controls. The structure of the argument is sustained by the facts that occurred in the Asian crisis of 1998, when it was evidenced that Malaysia, a country that opted for adopting capital controls succeeded in bringing the economy back to the path of growth. This work would be incomplete without a comment on James Tobin's proposal, denominated Tobin Tax, present by the prominent economist in 1972, whose basic premise is based in the statement that the short run capital flows are responsible for the high volatility of the exchange rates, and that the imposition of uniform tribute applied over all operations of the exchange markets would allow the decrease of speed of circulation of the problematic short run capital flows. The adoption of such a fiscal instrument could work as a complementary mechanism or even a substitute in relation to the traditional systems of capital controls. The present study suggests more deepened analyses to validate the conclusions obtained regarding this polemic theme.
Book Synopsis Chilean-type Capital Controls by : Claudia M. Buch
Download or read book Chilean-type Capital Controls written by Claudia M. Buch and published by . This book was released on 1999 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Capital Flight and Capital Controls in Developing Countries by : Gerald A. Epstein
Download or read book Capital Flight and Capital Controls in Developing Countries written by Gerald A. Epstein and published by Edward Elgar Publishing. This book was released on 2005 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Epstein (economics, U. of Massachusetts) and colleagues look at connections between financial liberalization, financial crises, and capital flight in the 1980s and 1990s during the rise of neoliberalism. Opening chapters set the context with an overview of the impacts of capital account liberalization on income distribution and growth and an descri
Book Synopsis Managing Capital Flows by : Masahiro Kawai
Download or read book Managing Capital Flows written by Masahiro Kawai and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managing Capital Flows provides analyses that can help policymakers develop a framework for managing capital flows that is consistent with prudent macroeconomic and financial sector stability. While capital inflows can provide emerging market economies with invaluable benefits in pursuing economic development and growth, they can also pose serious policy challenges for macroeconomic management and financial sector supervision. The expert contributors cover a wide range of issues related to managing capital flows and analyze the experience of emerging Asian economies in dealing with surges in capital inflows. They also discuss possible policy measures to manage capital flows while remaining consistent with the goals of macroeconomic and financial sector stability. Building on this analysis, the book presents options for workable national policies and regional policy cooperation, particularly in exchange rate management. Containing chapters that bring in international experiences relevant to Asia and other emerging market economies, this insightful book will appeal to policymakers in governments and financial institutions, as well as public and private finance experts. It will also be of great interest to advanced students and academic researchers in finance.
