The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade - 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 Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade write by Mr.Enrique G. Mendoza. This book was released on 1990-11-01. The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade available in PDF, EPUB and Kindle. 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
The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade - 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 Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade write by Enrique G. Mendoza. This book was released on 2006. The Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade available in PDF, EPUB and Kindle. 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.
A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade
A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade - 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 A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade write by Enrique G. Mendoza. This book was released on 1989. A Quantitative Investigation of the Macroeconomic Effects of Capital Controls and the Stabilization of the Balance of Trade available in PDF, EPUB and Kindle.
Capital Controls, Exchange Rates, and Monetary Policy in the World Economy
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.
What’s In a Name? That Which We Call Capital Controls
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.
