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| Author | : Guillermo A. Calvo |
| Publisher | : MIT Press |
| Total Pages | : 572 |
| Release | : 2004 |
| Genre | : Business & Economics |
| ISBN | : 9780262532600 |
Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.
| Author | : George Fane |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 238 |
| Release | : 2000-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781957967 |
If flexible exchange rates are not adopted, central banks should at least avoid the widespread practice of trying to sterilise the monetary effects of capital flows." "The author argues that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises."--BOOK JACKET.
| Author | : Mr.B. Jang |
| Publisher | : International Monetary Fund |
| Total Pages | : 25 |
| Release | : 1999-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451844123 |
This paper reexamines Aizenman’s (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman’s model, which is based on the currency substitution model, foreign money is an interest-bearing asset in this paper, and its major role is to smooth intertemporal consumption. With this modification, Aizenman’s results are reversed, thus showing that the effects of capital controls during trade liberalization would vary greatly depending on the role of foreign money in a country. The effects of an anticipated trade liberalization are also studied.
| Author | : Peter B. Kenen |
| Publisher | : |
| Total Pages | : 96 |
| Release | : 1976 |
| Genre | : Business & Economics |
| ISBN | : |
| Author | : Sebastian Edwards |
| Publisher | : Cambridge University Press |
| Total Pages | : 452 |
| Release | : 1997-06-13 |
| Genre | : Business & Economics |
| ISBN | : 9780521597111 |
The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.
| Author | : Michael B. Connolly |
| Publisher | : Routledge |
| Total Pages | : 214 |
| Release | : 2018-03-15 |
| Genre | : Business & Economics |
| ISBN | : 1351043897 |
This book, first published in 1973, presents a collection of original contributions to the analysis of international trade and monetary relations by a number of distinguished economists. The papers bear on six topics in trade theory: the inadequacies of classical trade theory, customs unions, immiserising growth, the international transmission of technical change, multinational company behaviour, and comparative trends in income distribution. Chapters dealing with international monetary relations focus on general equilibrium analysis of spot and forward exchange markets, money supply analysis in open economies, devaluation in developing countries, the sharing of the burden of international adjustment, the monetary approach to balance-of-payments theory, and the integration of Keynesian and monetary approaches to international adjustment. Taken together, they summarize much of the most advanced contemporary research in international economics. The volume is unified by the contributors' common belief that economic theory can help solve important and relevant problems in international economic relations. All the contributions represent original work on the frontiers of research in international economics, but they use simple and understandable techniques to reach their conclusions.
| Author | : Mansoor Dailami |
| Publisher | : World Bank Publications |
| Total Pages | : 36 |
| Release | : 1999 |
| Genre | : Capital market |
| ISBN | : |
Countries need suitable mechanisms for balancing the risks and benefits of financial openness, including mechanisms through which to improve insurance to citizens, through the marketplace or through redistributive policy, and thus to avert political pressure for capital controls. Capital mobility as a policy objective gained currency and support only after significant trade liberalization and only in democratic countries that had established the ability to repond to citizens' demands for national economic security.
| Author | : Mr.Donald J. Mathieson |
| Publisher | : International Monetary Fund |
| Total Pages | : 46 |
| Release | : 1996-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451855230 |
Official controls on interest rates and capital flows rule out the use of traditional interest rate parity conditions to measure changes in the degree of capital mobility confronting developing countries. This paper develops an alternative technique for measuring the cost of undertaking disguised capital flows when such official controls are present. This measure is derived from an intertemporal, optimizing model of an open economy incorporating the influence of the authorities’ foreign exchange market activities. The paper suggests that the real cost of undertaking disguised capital flows declined on average by nearly 70 percent between the early 1970s and the late 1980s.
| Author | : Paola Subacchi |
| Publisher | : Yale University Press |
| Total Pages | : 315 |
| Release | : 2020-09-15 |
| Genre | : Business & Economics |
| ISBN | : 0300252609 |
A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order When it comes to the afflictions of the global economy, almost everyone—and especially Donald Trump—is quick to point the finger of blame at the state of international trade. But what about unconstrained capital flows? Unfettered capital has resulted in a string of financial and economic crises that have left our political systems strained and dialogue corroded. The once perceived benefits of openness have been cast to the wayside and the cracks in the global order can no longer be ignored. Paola Subacchi argues that international cooperation and interdependence have become crippled. Regional restrictions will soon strengthen and a multipolar order will take shape, leading to a distinctly transformed economic landscape in which China challenges the dominance of the US dollar. Combining history, analysis, and prediction, this book provides penetrating insight into the challenges facing the international economic order.
| Author | : Anthony J. Makin |
| Publisher | : Springer |
| Total Pages | : 157 |
| Release | : 1994-08-16 |
| Genre | : Business & Economics |
| ISBN | : 0230379095 |
This book examines the causes, consequences and policy significance of international capital movements and nations' external account imbalances. Traditional theoretical approaches to balance of payments analysis, such as the classical, elasticities, absorption, monetary and Mundell-Fleming models are critically evaluated against an extended international macroeconomic accounting framework. More meaningful capital theoretic models then link saving, investment and foreign capital movements to highlight the macroeconomic gains from international capital mobility and international trade in saving.
