Capital Controls, Exchange Rates, and Monetary Policy in the World Economy - 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, Exchange Rates, and Monetary Policy in the World Economy write by Sebastian Edwards. This book was released on 1997-06-13. Capital Controls, Exchange Rates, and Monetary Policy in the World Economy available in PDF, EPUB and Kindle. The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy
Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy - 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 Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy write by William C. Gruben. This book was released on 2012-12-06. Exchange Rates, Capital Flows, and Monetary Policy in a Changing World Economy available in PDF, EPUB and Kindle. The dramatic growth of international capital flow has provided unprecedented opportunities and risks in emerging markets. This book is the result of a conference exploring this phenomenon, sponsored by the Federal Reserve Bank of Dallas. The issues explored include direct versus portfolio investment; exchange rates and economic growth; and optimal exchange rate policy for stabilizing inflation in developing countries. It concludes with a panel discussion on central bank coordination in the midst of exchange rate instability.
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.
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.
Advanced Country Experiences with Capital Account Liberalization
Advanced Country Experiences with Capital Account Liberalization - 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 Advanced Country Experiences with Capital Account Liberalization write by Age Bakker. This book was released on 2002-09-26. Advanced Country Experiences with Capital Account Liberalization available in PDF, EPUB and Kindle. 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?
