Capital Ideas

Download Capital Ideas PDF Online Free

Author :
Publisher : Princeton University Press
ISBN 13 : 1400833825
Total Pages : 332 pages
Book Rating : 4.4/5 (8 download)

DOWNLOAD NOW!


Book Synopsis Capital Ideas by : Jeffrey M. Chwieroth

Download or read book Capital Ideas written by Jeffrey M. Chwieroth and published by Princeton University Press. This book was released on 2009-12-14 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rules providing this right have not changed significantly since the IMF was founded in 1945. But informally, among the staff inside the IMF, these controls became heresy in the 1980s and 1990s, prompting critics to accuse the IMF of indiscriminately encouraging the liberalization of controls and precipitating a wave of financial crises in emerging markets in the late 1990s. In Capital Ideas, Jeffrey Chwieroth explores the inner workings of the IMF to understand how its staff's thinking about capital controls changed so radically. In doing so, he also provides an important case study of how international organizations work and evolve. Drawing on original survey and archival research, extensive interviews, and scholarship from economics, politics, and sociology, Chwieroth traces the evolution of the IMF's approach to capital controls from the 1940s through spring 2009 and the first stages of the subprime credit crisis. He shows that IMF staff vigorously debated the legitimacy of capital controls and that these internal debates eventually changed the organization's behavior--despite the lack of major rule changes. He also shows that the IMF exercised a significant amount of autonomy despite the influence of member states. Normative and behavioral changes in international organizations, Chwieroth concludes, are driven not just by new rules but also by the evolving makeup, beliefs, debates, and strategic agency of their staffs.

Capital Account Liberalization

Download Capital Account Liberalization PDF Online Free

Author :
Publisher :
ISBN 13 : 9780979037634
Total Pages : 82 pages
Book Rating : 4.0/5 (376 download)

DOWNLOAD NOW!


Book Synopsis Capital Account Liberalization by : Peter Blair Henry

Download or read book Capital Account Liberalization written by Peter Blair Henry and published by . This book was released on 2006 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Writings on the macroeconomic impact of capital account liberalization find few, if any, robust effects of liberalization on real variables. In contrast to the prevailing wisdom, I argue that the textbook theory of liberalization holds up quite well to a critical reading of this literature. The lion's share of papers that find no effect of liberalization on real variables tell us nothing about the empirical validity of the theory, because they do not really test it. This paper explains why it is that most studies do not really address the theory they set out to test. It also discusses what is necessary to test the theory and examines papers that have done so. Studies that actually test the theory show that liberalization has significant effects on the cost of capital, investment, and economic growth"--National Bureau of Economic Research web site.

A Survey of Financial Liberalization

Download A Survey of Financial Liberalization PDF Online Free

Author :
Publisher : Princeton University International Finance Section, Department of Econmics
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.F/5 ( download)

DOWNLOAD NOW!


Book Synopsis A Survey of Financial Liberalization by : John Williamson

Download or read book A Survey of Financial Liberalization written by John Williamson and published by Princeton University International Finance Section, Department of Econmics. This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Capital Controls and the Cost of Debt

Download Capital Controls and the Cost of Debt PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1484303318
Total Pages : 26 pages
Book Rating : 4.4/5 (843 download)

DOWNLOAD NOW!


Book Synopsis Capital Controls and the Cost of Debt by : Eugenia Andreasen

Download or read book Capital Controls and the Cost of Debt written by Eugenia Andreasen and published by International Monetary Fund. This book was released on 2017-06-09 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically meaningful increase in corporate bond spreads. A number of heterogeneities suggest that the effect of capital controls on inflows is particularly strong for more financially constrained firms, establishing a novel channel through which capital controls affect economic outcomes. By contrast, we do not find a robust significant effect of restrictions on outflows.

Capital Account Liberalization

Download Capital Account Liberalization PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557757777
Total Pages : 74 pages
Book Rating : 4.7/5 (577 download)

DOWNLOAD NOW!


Book Synopsis Capital Account Liberalization by : Mr.Giovanni Dell'Ariccia

Download or read book Capital Account Liberalization written by Mr.Giovanni Dell'Ariccia and published by International Monetary Fund. This book was released on 1998-09-30 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines the dangers associated with free capital flows. The authors conclude that the dangers can be limited through a combination of sound macroeconomic and prudential policies.

Managing Capital Flows

Download Managing Capital Flows PDF Online Free

Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 184980687X
Total Pages : 465 pages
Book Rating : 4.8/5 (498 download)

DOWNLOAD NOW!


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.

Capital Account Liberalization and Inequality

Download Capital Account Liberalization and Inequality PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513531409
Total Pages : 26 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!


Book Synopsis Capital Account Liberalization and Inequality by : Davide Furceri

Download or read book Capital Account Liberalization and Inequality written by Davide Furceri and published by International Monetary Fund. This book was released on 2015-11-24 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms.

Economic Growth and Financial Development

Download Economic Growth and Financial Development PDF Online Free

Author :
Publisher : Springer Nature
ISBN 13 : 3030790037
Total Pages : 245 pages
Book Rating : 4.0/5 (37 download)

DOWNLOAD NOW!


Book Synopsis Economic Growth and Financial Development by : Muhammad Shahbaz

Download or read book Economic Growth and Financial Development written by Muhammad Shahbaz and published by Springer Nature. This book was released on 2021-09-21 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book looks into the relationship between financial development, economic growth, and the possibility of a potential capital flight in the transmission process. It also examines the important role that financial institutions, financial markets, and country-level institutional factors play in economic growth and their impact on capital flight in emerging economies. By presenting new theoretical insights and empirical country studies as well as econometric approaches, the authors focus on the relationship between financial development and economic growth with capital flight in the era of financial crisis. Therefore, this book is a must-read for researchers, scholars, and policy-makers, interested in a better understanding of economic growth and financial development of emerging economies alike.

The Integration of World Capital Markets

Download The Integration of World Capital Markets PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 145195039X
Total Pages : 66 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!


Book Synopsis The Integration of World Capital Markets by : Mr.Michael Mussa

Download or read book The Integration of World Capital Markets written by Mr.Michael Mussa and published by International Monetary Fund. This book was released on 1993-12-01 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the extent to which national capital markets have become linked, and identifies several of the more important consequences of that increased degree of integration. Alternative approaches to the measurement of capital market integration are reviewed, including deviations from the law of one price, differences between actual and optimally diversified portfolios, correlations between domestic investment and domestic saving, and cross-country links in consumption behavior. Two recent episodes of large-scale international capital flows—namely, the turmoil in the European Monetary System in the fall of 1992, and the surge of capital inflows into Latin America during the last three years—are examined for insights into the workings of today’s global capital market. Finally, the paper offers some concluding remarks on the future development of international capital markets, on exchange rate management, on alternative approaches to living with larger and more influential financial markets, and on the financing of investment in the formerly centrally planned economies.

Sequencing Financial Sector Reforms

Download Sequencing Financial Sector Reforms PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557757791
Total Pages : 412 pages
Book Rating : 4.7/5 (577 download)

DOWNLOAD NOW!


Book Synopsis Sequencing Financial Sector Reforms by : International Monetary Fund

Download or read book Sequencing Financial Sector Reforms written by International Monetary Fund and published by International Monetary Fund. This book was released on 1991-03-15 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.

Financial Liberalization and Financial Fragility

Download Financial Liberalization and Financial Fragility PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 53 pages
Book Rating : 4./5 ( download)

DOWNLOAD NOW!


Book Synopsis Financial Liberalization and Financial Fragility by : Asli Demirgüç-Kunt

Download or read book Financial Liberalization and Financial Fragility written by Asli Demirgüç-Kunt and published by World Bank Publications. This book was released on 1998-06-01 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of 53 countries during 1980-95 finds that financial liberalization increases the probability of a banking crisis, but less so where the institutional environment is strong. In particular, respect for the rule of law, a low level of corruption, and good contract enforcement are relevant institutional characteristics. the data also show that, after liberalization, financially repressed countries tend to have improved financial development even if they experience a banking crisis. This is not true for financially restrained countries. This paper’s results support a cautious approach to financial liberalization where institutions are weak, even if macroeconomic stabilization has been achieved.

Money and Capital in Economic Development

Download Money and Capital in Economic Development PDF Online Free

Author :
Publisher : Brookings Institution Press
ISBN 13 : 9780815718499
Total Pages : 204 pages
Book Rating : 4.7/5 (184 download)

DOWNLOAD NOW!


Book Synopsis Money and Capital in Economic Development by : Ronald I. McKinnon

Download or read book Money and Capital in Economic Development written by Ronald I. McKinnon and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Financial Liberalization

Download Financial Liberalization PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 0521803691
Total Pages : 320 pages
Book Rating : 4.5/5 (218 download)

DOWNLOAD NOW!


Book Synopsis Financial Liberalization by : Gerard Caprio

Download or read book Financial Liberalization written by Gerard Caprio and published by Cambridge University Press. This book was released on 2001-10-08 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides a rounded view of financial liberalization after the collapses in East Asia.

Should the IMF Pursue Capital-account Convertibility?

Download Should the IMF Pursue Capital-account Convertibility? PDF Online Free

Author :
Publisher : Princeton University International Finance Section, Department of Econmics
ISBN 13 :
Total Pages : 90 pages
Book Rating : 4.:/5 (321 download)

DOWNLOAD NOW!


Book Synopsis Should the IMF Pursue Capital-account Convertibility? by : Stanley Fischer

Download or read book Should the IMF Pursue Capital-account Convertibility? written by Stanley Fischer and published by Princeton University International Finance Section, Department of Econmics. This book was released on 1998 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Deepening in Economic Development

Download Financial Deepening in Economic Development PDF Online Free

Author :
Publisher : Oxford University Press, USA
ISBN 13 : 9780195016338
Total Pages : 260 pages
Book Rating : 4.0/5 (163 download)

DOWNLOAD NOW!


Book Synopsis Financial Deepening in Economic Development by : Edward S. Shaw

Download or read book Financial Deepening in Economic Development written by Edward S. Shaw and published by Oxford University Press, USA. This book was released on 1973-01-01 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:

IMF Staff Papers, Volume 51, No. 2

Download IMF Staff Papers, Volume 51, No. 2 PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 9781589063235
Total Pages : 224 pages
Book Rating : 4.0/5 (632 download)

DOWNLOAD NOW!


Book Synopsis IMF Staff Papers, Volume 51, No. 2 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff Papers, Volume 51, No. 2 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2004-07-29 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second issue for 2004 contains 8 new papers, including notable contributions from: Nancy Brune, Geoffrey Garrett, and Bruce Kogut on the global spread of privatization; and Mark P. Taylor and Elena T. Branson on asymmetric arbitrage and default premiums in the U.S. and Russian markets. Other papers in the issue look at German wage structures, contagion in equity markets, export orientation and productivity in Sub-Saharan Africa, the role of higher vs. basic education in economic development, and issues related to capital account liberalization.

IMF Staff papers, Volume 42 No. 3

Download IMF Staff papers, Volume 42 No. 3 PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 145197339X
Total Pages : 280 pages
Book Rating : 4.4/5 (519 download)

DOWNLOAD NOW!


Book Synopsis IMF Staff papers, Volume 42 No. 3 by : International Monetary Fund. Research Dept.

Download or read book IMF Staff papers, Volume 42 No. 3 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 1995-01-01 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes long-term exchange rate modeling. The paper reviews the literature that tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of the nominal exchange rate on relative prices. It argues that the balance of evidence is supportive of the existence of some form of long-term exchange rate relationship. The paper highlights that the form of this relationship, however, does not accord exactly with a traditional representation of the long-term exchange rate.