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Advanced Country Experiences with Capital Account Liberalization

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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

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Author :
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 Account Liberalization

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Author :
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

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Author :
Release : 2004
Genre : Capital movements
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Capital Account Liberalization by : V. Subbulakshmi

Download or read book Capital Account Liberalization written by V. Subbulakshmi. This book was released on 2004. Available in PDF, EPUB and Kindle. Book excerpt: After the Asian economic crisis, Asian countries saw the highs and lows of the costs and benefits of liberalization. When capital flows into a country it increases the invisible resources and catalyzes growth. But when a capital outflow takes place in une

Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China

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Release : 2013-08-29
Genre : Business & Economics
Kind : eBook
Book Rating : 446/5 ( reviews)

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Book Synopsis Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China by : Mr.Tamim Bayoumi

Download or read book Do Inflows or Outflows Dominate? Global Implications of Capital Account Liberalization in China written by Mr.Tamim Bayoumi. This book was released on 2013-08-29. Available in PDF, EPUB and Kindle. Book excerpt: This paper assesses the implications of Chinese capital account liberalization for capital flows. Stylized facts from capital account liberalization in advanced and large emerging market economies illustrate that capital account liberalization has historically generated large gross capital in- and outflows, but the direction of net flows has depended on many factors. An econometric portfolio allocation model finds that capital controls significantly dampen cross-border portfolio asset holdings. The model also suggests that capital account liberalization in China may trigger net portfolio outflows as large domestic savings seek to diversify abroad.

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