What’s In a Name? That Which We Call Capital Controls - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook What’s In a Name? That Which We Call Capital Controls write by Mr.Atish R. Ghosh. This book was released on 2016-02-12. What’s In a Name? That Which We Call Capital Controls available in PDF, EPUB and Kindle. 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.
Capital Controls
Capital Controls - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital Controls write by Ms.Inci Ötker. This book was released on 2000-05-17. Capital Controls available in PDF, EPUB and Kindle. 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.
Estimated Policy Rules for Capital Controls
Estimated Policy Rules for Capital Controls - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Estimated Policy Rules for Capital Controls write by Gurnain Kaur Pasricha. This book was released on 2020-06-05. Estimated Policy Rules for Capital Controls available in PDF, EPUB and Kindle. This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudential or mercantilist motivations. I explore this question using a novel, weekly dataset on capital control actions in 21 emerging economies from 2001 to 2015. I introduce a new proxy for mercantilist motivations: the weighted appreciation of an emerging-market currency against its top five trade competitors. This proxy Granger causes future net initiations of non-tariff barriers in most countries. Emerging markets systematically respond to both mercantilist and macroprudential motivations. Policymakers respond to trade competitiveness concerns by using both instruments—inflow tightening and outflow easing. They use only inflow tightening in response to macroprudential concerns. Policy is acyclical to foreign debt; however, high levels of this debt reduces countercyclicality to mercantilist concerns. Higher exchange rate pass-through to export prices, and having an inflation targeting regime with non-freely floating exchange rates, increase responsiveness to mercantilist concerns.
Capital Controls
Capital Controls - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Capital Controls write by Forrest Capie. This book was released on 2002. Capital Controls available in PDF, EPUB and Kindle. Free capital movements played an important part in the economic integration and globalisation of the nineteenth century. This work analyses historical experience with capital controls, in Britain and elsewhere, and reviews the theory. It concludes that such controls are damaging and that there is no case for reviving them.
The Political Economy of Capital Controls
The Political Economy of Capital Controls - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Capital Controls write by Gunther G. Schulze. This book was released on 2000-05-04. The Political Economy of Capital Controls available in PDF, EPUB and Kindle. A comprehensive study of capital controls, assesses the existing literature and presents original research.
