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Advanced Country Experiences with Capital Account Liberalization

2002-09-26 Business & Economics
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Release : 2002-09-26
Genre : Business & Economics
Kind : eBook
Book Rating : 179/5 ( reviews)

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Book Synopsis Advanced Country Experiences with Capital Account Liberalization by : Age Bakker

Download or read book Advanced Country Experiences with Capital Account Liberalization written by Age Bakker. This book was released on 2002-09-26. Available in PDF, EPUB and Kindle. Book excerpt: After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This paper describes how national policymakers’ views of capital controls shifted over time, and how these controls have been closely related to regulation in other policy areas, such as banking and financial markets. As developing countries seek to liberalize their capital accounts to obtain the benefits of increased integration with the global economy, what lessons can be drawn from industrial countries’ diverse experiences with capital controls, and how can a country’s liberalization measures be sequenced to minimize disturbances to its exchange rate and monetary policies?

Advanced Country Experience with Capital Account Liberalization

2002
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Release : 2002
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Advanced Country Experience with Capital Account Liberalization by : Age Bakker

Download or read book Advanced Country Experience with Capital Account Liberalization written by Age Bakker. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt:

Capital Liberalization in Transition Countries

2003-01-01 Business & Economics
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Release : 2003-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 486/5 ( reviews)

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Book Synopsis Capital Liberalization in Transition Countries by : Age Bakker

Download or read book Capital Liberalization in Transition Countries written by Age Bakker. This book was released on 2003-01-01. Available in PDF, EPUB and Kindle. Book excerpt: 'This collection provides an excellent account of the diverging ways countries in varying parts of the world went about liberalizing capital flows. Case studies of transition countries are set against the background of more general studies analysing the Asian and Latin American experience, as well as the earlier liberalization processes in economically advanced countries. The reader gets a lively picture of the many pitfalls that beset the road to full capital liberalization and will realise that there is no single best way to liberalize. The authors strike one as unprejudiced and far from dogmatic, out to learn from experience rather than trying to impose some particular point of view.' - Hans Visser, Vrije Universiteit, Amsterdam, The Netherlands This significant new book provides a succinct overview of the essential policy issues surrounding capital liberalization. The book compares the experiences of transition economies in Europe with those of advanced nations, allowing the reader to examine the changing international economic and financial environment within which transition countries have to liberalize.

Capital Account Liberalization

2006 Capital
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Release : 2006
Genre : Capital
Kind : eBook
Book Rating : 634/5 ( reviews)

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Book Synopsis Capital Account Liberalization by : Peter Blair Henry

Download or read book Capital Account Liberalization written by Peter Blair Henry. This book was released on 2006. 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.

Capital Account Liberalization and Inequality

2015-11-24 Business & Economics
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Release : 2015-11-24
Genre : Business & Economics
Kind : eBook
Book Rating : 409/5 ( reviews)

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Book Synopsis Capital Account Liberalization and Inequality by : Davide Furceri

Download or read book Capital Account Liberalization and Inequality written by Davide Furceri. This book was released on 2015-11-24. 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.

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