Capital Controls, Exchange Rates, and Monetary Policy in the World Economy

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521597111
Total Pages : 452 pages
Book Rating : 4.5/5 (971 download)

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Book Synopsis Capital Controls, Exchange Rates, and Monetary Policy in the World Economy by : Sebastian Edwards

Download or read book Capital Controls, Exchange Rates, and Monetary Policy in the World Economy written by Sebastian Edwards and published by Cambridge University Press. This book was released on 1997-06-13 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

Control of Long-term International Capital Movements

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Author :
Publisher : Washington : Brookings Institution
ISBN 13 :
Total Pages : 120 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Control of Long-term International Capital Movements by : Alec Cairncross

Download or read book Control of Long-term International Capital Movements written by Alec Cairncross and published by Washington : Brookings Institution. This book was released on 1973 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of a few issues raised by international capital flow, with particular reference to experience of the UK and the USA in their efforts to control the export of capital during the 1960's and early 1970's through foreign exchange controls - analyzes the effects of exchange rate strategy on overseas private investment and the balance of payments, and includes financial policy implications of foreign investment. Bibliography pp 101 to 104, references and statistical tables.

A Survey of Academic Literature on Controls Over International Capital Transactions

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Author :
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis A Survey of Academic Literature on Controls Over International Capital Transactions by : Michael P. Dooley

Download or read book A Survey of Academic Literature on Controls Over International Capital Transactions written by Michael P. Dooley and published by . This book was released on 1995 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews recent theoretical and empirical work on controls over international capital movements. Theoretical contributions reviewed focus on 'second best' arguments for capital market restrictions as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been 'effective' in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reduction in the governments' debt service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.

International Capital Flows: Economic Problems and Policy Implications

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Publisher : diplom.de
ISBN 13 : 3832426418
Total Pages : 207 pages
Book Rating : 4.8/5 (324 download)

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Book Synopsis International Capital Flows: Economic Problems and Policy Implications by : Nina Pohl

Download or read book International Capital Flows: Economic Problems and Policy Implications written by Nina Pohl and published by diplom.de. This book was released on 2000-09-01 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about globalisation and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea even less so, if they delay necessary macro- and microeconomic reforms. A worrying feature of the international financial system, partly due to continued innovations in financial engineering, is that [...]

Controls on International Capital Movements - the Experience With Controls on International Financial Credits, Loans and Deposits

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Publisher :
ISBN 13 :
Total Pages : 100 pages
Book Rating : 4.:/5 (562 download)

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Book Synopsis Controls on International Capital Movements - the Experience With Controls on International Financial Credits, Loans and Deposits by : Organisation for Economic Co-operation and Development. Committee on Capital Movements and Invisible Transactions

Download or read book Controls on International Capital Movements - the Experience With Controls on International Financial Credits, Loans and Deposits written by Organisation for Economic Co-operation and Development. Committee on Capital Movements and Invisible Transactions and published by . This book was released on 1982 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capital Movements and Their Control

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Author :
Publisher : BRILL
ISBN 13 : 9789028602953
Total Pages : 248 pages
Book Rating : 4.6/5 (29 download)

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Book Synopsis Capital Movements and Their Control by : Alexander K. Swoboda

Download or read book Capital Movements and Their Control written by Alexander K. Swoboda and published by BRILL. This book was released on 1976 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: At head of title: Institut universitaire de hautes eÌ tudes internationales. Includes bibliographies and index.

International Capital Flows: Economic Impact and Policy Implications

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3656980942
Total Pages : 213 pages
Book Rating : 4.6/5 (569 download)

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Book Synopsis International Capital Flows: Economic Impact and Policy Implications by : Nina Gillmann

Download or read book International Capital Flows: Economic Impact and Policy Implications written by Nina Gillmann and published by GRIN Verlag. This book was released on 2012-08-08 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2000 in the subject Economics - Finance, grade: 1, Christian-Albrechts-University of Kiel, language: English, abstract: This paper deals with three highly controversial aspects in the international finance literature: the degree of international financial integration, the economic impact of capital mobility, and the potential role of capital controls in the emerging international financial architecture. Regarding the first aspect, many observers have been influenced by the recent hype about “globalisation” and in fact take it for granted that capital markets have become almost fully integrated into a world financial marketplace. This paper, reviews evidence that challenges this conventional wisdom, though confirming that the degree of international financial integration is rising. With respect to the second aspect, it is demonstrated that there are circumstances under which the free flow of international capital could negatively impact upon economic performance and/or otherwise welfare-enhancing domestic policies. This finding conflicts with traditional theory and provides an economic rationale for the judicious introduction of capital controls. With this assertion in mind, the final aspect, the role of capital controls, is investigated. The specific question explored is how far restrictions on international capital flows are able to avert a costly economic imbalance arising from fluctuations in the balance of payments. Although the international consensus seems to have shifted in recent years towards promoting Chilean-style capital controls as a potential new building block in the international financial landscape, this paper cautions against such a generalisation of the Chilean experience. Rather, a review of the empirical literature suggests that much of Chile‘s economic success story in the last decade can be explained by factors other than its control regime. The rising degree of international financial integration enhances the need for small countries to resolve their dilemma of being dependent on external funding and, at the same time, most vulnerable to sudden reversals of international capital flows. Yet, simple solutions of how to counterbalance the potential threats of capital mobility in a second-best equilibrium, are not found to be easily forthcoming. In particular, this paper argues that capital controls are no panacea – even less so, if they delay necessary macro- and microeconomic reforms.

Capital Controls In Emerging Economies

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Author :
Publisher : Routledge
ISBN 13 : 0429970420
Total Pages : 176 pages
Book Rating : 4.4/5 (299 download)

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Book Synopsis Capital Controls In Emerging Economies by : Christine P Ries

Download or read book Capital Controls In Emerging Economies written by Christine P Ries and published by Routledge. This book was released on 2018-02-23 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks at situations where a dramatic transformation of the political environment made existing institutions obsolete. It explores the use of capital controls in the reforming economies of the formerly communist countries.

What’s In a Name? That Which We Call Capital Controls

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498333222
Total Pages : 45 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis What’s In a Name? That Which We Call Capital Controls by : Mr.Atish R. Ghosh

Download or read book What’s In a Name? That Which We Call Capital Controls written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2016-02-12 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been used and perceived, since the late nineteenth century. While advanced countries often employed capital controls to tame speculative inflows during the last century, we conjecture that several factors undermined their subsequent use as prudential tools. First, it appears that inflow controls became inextricably linked with outflow controls. The latter have typically been more pervasive, more stringent, and more linked to autocratic regimes, failed macroeconomic policies, and financial crisis—inflow controls are thus damned by this “guilt by association.” Second, capital account restrictions often tend to be associated with current account restrictions. As countries aspired to achieve greater trade integration, capital controls came to be viewed as incompatible with free trade. Third, as policy activism of the 1970s gave way to the free market ideology of the 1980s and 1990s, the use of capital controls, even on inflows and for prudential purposes, fell into disrepute.

A Survey of Academic Literatureon Controls Over International Capital Transactions

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451935889
Total Pages : 52 pages
Book Rating : 4.4/5 (519 download)

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Book Synopsis A Survey of Academic Literatureon Controls Over International Capital Transactions by : Mr.Michael P. Dooley

Download or read book A Survey of Academic Literatureon Controls Over International Capital Transactions written by Mr.Michael P. Dooley and published by International Monetary Fund. This book was released on 1995-11-01 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and national and international economic developments.

The Political Economy of Capital Controls

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Author :
Publisher : Cambridge University Press
ISBN 13 : 9780521582223
Total Pages : 308 pages
Book Rating : 4.5/5 (822 download)

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Book Synopsis The Political Economy of Capital Controls by : Gunther G. Schulze

Download or read book The Political Economy of Capital Controls written by Gunther G. Schulze and published by Cambridge University Press. This book was released on 2000-05-04 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive study of capital controls, assesses the existing literature and presents original research.

Capital Controls

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1557758743
Total Pages : 135 pages
Book Rating : 4.5/5 (577 download)

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Book Synopsis Capital Controls by : Ms.Inci Ötker

Download or read book Capital Controls written by Ms.Inci Ötker and published by International Monetary Fund. This book was released on 2000-05-17 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.

Controls on International Capital Movements

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Author :
Publisher : Paris, France : Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Center
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Controls on International Capital Movements by : Organisation for Economic Co-operation and Development

Download or read book Controls on International Capital Movements written by Organisation for Economic Co-operation and Development and published by Paris, France : Organisation for Economic Co-operation and Development ; [Washington, D.C. : OECD Publications and Information Center. This book was released on 1982 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Controls on international capital movements

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Author :
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (16 download)

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Book Synopsis Controls on international capital movements by :

Download or read book Controls on international capital movements written by and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Coping with International Capital Flows

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Author :
Publisher : Commonwealth Secretariat
ISBN 13 : 9780850925029
Total Pages : 48 pages
Book Rating : 4.9/5 (25 download)

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Book Synopsis Coping with International Capital Flows by : Richard Portes

Download or read book Coping with International Capital Flows written by Richard Portes and published by Commonwealth Secretariat. This book was released on 1997 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private capital flows to developing countries have increased dramatically. This book identifies key concerns about the sustainability and volatility of these flows, and makes a number of recommendations for national macroeconomics management, including crisis prevention measures. In addition there is an innovative proposal for the orderly workout of sovereign debt

Capital Flow Deflection

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498317499
Total Pages : 47 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Capital Flow Deflection by : Paolo Giordani

Download or read book Capital Flow Deflection written by Paolo Giordani and published by International Monetary Fund. This book was released on 2014-08-08 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection may lead to a policy response. We then test the theory using data on inflow restrictions and gross capital inflows for a large sample of developing countries between 1995 and 2009. Our estimation yields strong evidence that capital controls deflect capital flows to other borrowing countries with similar economic characteristics. Notwithstanding these strong cross-border spillover effects, we do not find evidence of a policy response.

Controls on International Capital Movements

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Author :
Publisher :
ISBN 13 :
Total Pages : 129 pages
Book Rating : 4.:/5 (933 download)

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Book Synopsis Controls on International Capital Movements by :

Download or read book Controls on International Capital Movements written by and published by . This book was released on 1982 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: