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A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade

1989 Balance of trade
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Release : 1989
Genre : Balance of trade
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Book Synopsis A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade by : Enrique G. Mendoza

Download or read book A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade written by Enrique G. Mendoza. This book was released on 1989. Available in PDF, EPUB and Kindle. Book excerpt:

The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade

1990-11-01 Business & Economics
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Release : 1990-11-01
Genre : Business & Economics
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Book Rating : 058/5 ( reviews)

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Book Synopsis The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade by : Mr.Enrique G. Mendoza

Download or read book The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade written by Mr.Enrique G. Mendoza. This book was released on 1990-11-01. Available in PDF, EPUB and Kindle. Book excerpt: A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail.

The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade

2006
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Release : 2006
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Book Synopsis The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade by : Enrique G. Mendoza

Download or read book The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade written by Enrique G. Mendoza. This book was released on 2006. Available in PDF, EPUB and Kindle. Book excerpt: A dynamic stochastic equilibrium model of a small open economy is used to quantify the macroeconomic effects of introducing capital controls to stabilize the balance of trade. This model focuses on the role of international trade and foreign debt as instruments that help smooth consumption in response to productivity or terms-of-trade disturbances. The model rationalizes some key empirical regularities that characterize business fluctuations and the dynamics of savings and investment in post-war Canada. The results show that capital controls have small effects on both the basic characteristics of macroeconomic fluctuations and the level of welfare. A fiscal strategy that successfully enforces capital controls by introducing taxes on foreign interest income is also studied in some detail.

Capital Controls and Trade Liberalization in a Monetary Economy

1999-03-01 Business & Economics
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Release : 1999-03-01
Genre : Business & Economics
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Book Rating : 123/5 ( reviews)

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Book Synopsis Capital Controls and Trade Liberalization in a Monetary Economy by : Mr.B. Jang

Download or read book Capital Controls and Trade Liberalization in a Monetary Economy written by Mr.B. Jang. This book was released on 1999-03-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper reexamines Aizenman’s (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman’s model, which is based on the currency substitution model, foreign money is an interest-bearing asset in this paper, and its major role is to smooth intertemporal consumption. With this modification, Aizenman’s results are reversed, thus showing that the effects of capital controls during trade liberalization would vary greatly depending on the role of foreign money in a country. The effects of an anticipated trade liberalization are also studied.

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

1997-06-13 Business & Economics
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Release : 1997-06-13
Genre : Business & Economics
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Book Rating : 111/5 ( reviews)

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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. This book was released on 1997-06-13. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

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