Capital Liberalization In Transition Countries PDF Download
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| Author | : Age Bakker |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 282 |
| Release | : 2003-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781957486 |
Download Capital Liberalization in Transition Countries Book in PDF, ePub and Kindle
'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.
| Author | : Mr.Donald J. Mathieson |
| Publisher | : International Monetary Fund |
| Total Pages | : 60 |
| Release | : 1992-06-01 |
| Genre | : Business & Economics |
| ISBN | : 1451973756 |
Download Liberalization of the Capital Account Book in PDF, ePub and Kindle
This paper reviews the experience with capital controls in industrial and developing countries, considers the policy issues raised when the effectiveness of capital controls diminishes, examines the medium-term benefits and costs of an open capital account, and analyzes the policy measures that could help sustain capital account convertibility. As the effectiveness of capital controls eroded more rapidly in the 1980s than in earlier periods, new constraints were placed on the formulation of stabilization and structural reform programs. However, experience suggests that certain macroeconomic, financial, and risk management policies would allow countries to attain the benefits of capital account convertibility and reduce the financial risks created by an open capital account.
| Author | : Age Bakker |
| Publisher | : International Monetary Fund |
| Total Pages | : 72 |
| Release | : 2002-09-26 |
| Genre | : Business & Economics |
| ISBN | : 1589061179 |
Download Advanced Country Experiences with Capital Account Liberalization Book 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?
| Author | : Joseph E. Stiglitz |
| Publisher | : Oxford University Press, USA |
| Total Pages | : 388 |
| Release | : 2008-05 |
| Genre | : Business & Economics |
| ISBN | : 0199230587 |
Download Capital Market Liberalization and Development Book in PDF, ePub and Kindle
Capital market liberalization has been a key part of the ongoing debate on globalization. Bringing together leading researchers and practitioners in the field, this book provides a unique analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management.
| Author | : Mr.Giovanni Dell'Ariccia |
| Publisher | : International Monetary Fund |
| Total Pages | : 74 |
| Release | : 1998-09-30 |
| Genre | : Business & Economics |
| ISBN | : 9781557757777 |
Download Capital Account Liberalization Book in PDF, ePub and Kindle
Capital account liberalization - orderly, properly sequence, and befitting the individual circumstances of countries- is an inevitable step for all countries wishing to realize the benefits of the globalized economy. This paper reviews the theories behind capital account liberalization and examines the dangers associated with free capital flows. The authors conclude that the dangers can be limited through a combination of sound macroeconomic and prudential policies.
| Author | : Trevor M. Sikorski |
| Publisher | : World Bank Publications |
| Total Pages | : 31 |
| Release | : 1996 |
| Genre | : Free enterprise |
| ISBN | : 0928064220 |
Download Financial Liberalization in Developing Countries Book in PDF, ePub and Kindle
| Author | : Mrs.Sarwat Jahan |
| Publisher | : International Monetary Fund |
| Total Pages | : 26 |
| Release | : 2017-01-18 |
| Genre | : Business & Economics |
| ISBN | : 147556791X |
Download Capital Account Openness in Low-income Developing Countries Book in PDF, ePub and Kindle
The relevance of recording and assessing countries’ capital flow management measures is well-recognized, but very few studies have focused on low-income developing countries (LIDCs). A key constraint is the lack of an appropriate index to measure the openness of capital account and its change over time. This paper fills the gap by constructing a de jure index based on information contained in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. It provides an aggregate index to capture the overall openness of the capital account, and also provides a breakdown of openness for various subcategories of capital flows. The new database covers 164 countries with information on 12 types of asset categories over the period 1996–2013. The index provides the largest coverage of LIDCs among all existing indices and also provides granularity on openness across asset types, direction of flows and residency. The paper examines the link between de jure capital account openness with de facto capital flows and outlines potential applications of this database.
| Author | : Christoph Yew |
| Publisher | : GRIN Verlag |
| Total Pages | : 93 |
| Release | : 2010-07-02 |
| Genre | : |
| ISBN | : 3640653564 |
Download Capital Account Liberalization Book in PDF, ePub and Kindle
Diploma Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 2.0, University of Osnabrück (Fachbereich Außenwirtschaft), language: English, abstract: During the recent decades, many countries decided to get access to international financial markets by liberalizing their capital accounts. As we will see in this paper, the issues of liberalization are very complex. Many different areas like, for example, growth, inflation or the labor market are affected by it. For some areas, empirical research supports theory and delivers sustainable and significant results. For others, theory is inconsistent or not supported by evidence from the real world. Some special ones, like for instance welfare or productivity, even show that it is important to split up the results to see whose welfare is increased or which's branch productivity is affected. Another interesting point is the connection between crises and capital account liberalization. Due to the financial crises that occurred in the aftermath of liberalization the concept has been controversially debated by academics for a long time. The real connection between these two issues is not yet clear. The structure of this paper is as follows. Section 2 will give short case studies of countries that liberalized their capital account. Section 3 is meant to endow the reader with some basic tools that will be important for the understanding of the concepts that will be presented later on in this paper. This includes definitions and conceptual ideas about measuring capital account liberalization. Section 4 focuses on the theory and empirical findings. In that section, the effects of liberalization on various macroeconomic variables will be presented. Section 5 follows the thoughts of the prior one by having a look at the implications that can be concluded from the theoretical and empirical findings that have been presented in the prior chapter. Section 6 discusses capital account liberalization with r
| Author | : Peter Blair Henry |
| Publisher | : |
| Total Pages | : 61 |
| Release | : 2007 |
| Genre | : Capital market |
| ISBN | : |
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"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 loin'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"--Executive summary (p.5)
| Author | : Gerald A. Epstein |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 368 |
| Release | : 2005-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781008058 |
Download Capital Flight and Capital Controls in Developing Countries Book in PDF, ePub and Kindle
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.
