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| Author | : Carlos Arteta |
| Publisher | : |
| Total Pages | : |
| Release | : 2001 |
| Genre | : |
| ISBN | : |
| Author | : Peter Blair Henry |
| Publisher | : |
| Total Pages | : 82 |
| Release | : 2006 |
| Genre | : Capital |
| ISBN | : 9780979037634 |
"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 lion'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"--National Bureau of Economic Research web site.
| Author | : Giovanni Battista Pittaluga |
| Publisher | : Springer Nature |
| Total Pages | : 274 |
| Release | : 2021-07-15 |
| Genre | : Business & Economics |
| ISBN | : 3030784916 |
This book presents the evolution of the international monetary system from the gold standard to the monetary system in force today. It adopts a political economy approach, emphasizing the economic and political conditions under which an international monetary system can come into existence and be maintained over time. This approach highlights how the gradual transition in the international context from commodity money to fiat money has been led by the need for greater elasticity of money supply and smooth adjustments. This transition, however, raises the issue of how to guarantee, over time, the value of a money devoid of intrinsic value. By presenting a historical evolution, the book explains how the existence of an international monetary system based on money without intrinsic value can only occur when a particular balance of power exists at the international level that allows for the production of trust in a fiat money. The book is a must-read for scholars, researchers, and students in the fields of economic history and international monetary economics, interested in better understanding the evolution of the international monetary system.
| Author | : Claudia Echeverria |
| Publisher | : International Monetary Fund |
| Total Pages | : 116 |
| Release | : 1997-11-01 |
| Genre | : Business & Economics |
| ISBN | : 1451857454 |
This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account liberalization, domestic financial sector reforms, and the design of monetary and exchange rate policy. It concludes that capital account liberalization should be approached as an integrated part of comprehensive reform strategies and should be paced with the implementation of appropriate macroeconomic and exchange rate policies.
| Author | : |
| Publisher | : Peterson Institute |
| Total Pages | : 596 |
| Release | : 2006 |
| Genre | : Electronic books |
| ISBN | : 9780881325829 |
| Author | : Age Bakker |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 282 |
| Release | : 2003-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781781957486 |
'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 | : Horst Siebert |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 296 |
| Release | : 2003-06-24 |
| Genre | : Business & Economics |
| ISBN | : 3540004394 |
Globalization deeply affects economic structures and raises the issue of how governments should respond to new challenges. In this book, various ways of improving the institutional setup for global governance are discussed by renowned experts. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems. The advantages of free international trade as well as the fears of those who are against globalization are considered in the contributions.
| Author | : Liu Weiping |
| Publisher | : Springer Nature |
| Total Pages | : 363 |
| Release | : 2023-06-19 |
| Genre | : Business & Economics |
| ISBN | : 9819929318 |
This book explores how social trust impacts the Chinese economy. Due to the profound social changes brought by rapid urbanization, China's traditional social trust system gradually weakens. How to rebuild and enhance social credit remains as a key and difficult project. Exploring case studies from the real estate market, private banking, and urban financing, this book explores the value of informal social links to the economic functions of a society and how to rebuild them when they erode. This is of interest to scholars of China's economy and society.
| Author | : Roy E. Allen |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 212 |
| Release | : 2016 |
| Genre | : Business & Economics |
| ISBN | : 1785361112 |
This new edition of Financial Crises and Recession in the Global Economy explores the major financial instabilities and evolutionary trends in the global economy since the 1970s. A learned but accessible book, it is perfect for a broad audience of academics and practitioners but has also been used as a supplementary textbook for courses in international economics, international finance, money and banking, and macroeconomics.
| Author | : Robert F Emery |
| Publisher | : Routledge |
| Total Pages | : 329 |
| Release | : 2018-02-23 |
| Genre | : Political Science |
| ISBN | : 0429976429 |
This comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Drawing on the most recent data available, Emery assesses the strengths and weaknesses of each countrys bond market, concluding with comparisons of the eight countries bond markets. The book will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }Drawing on the most recent data available, this comprehensive book provides detailed descriptions and analysis of the bond markets in eight East Asian developing economies: Hong Kong, Indonesia, South Korea, Malaysia, the Philippines, Singapore, Taiwan, and Thailand. Robert Emery devotes a full chapter to evaluating the strengths and weaknesses of each countrys bond market. For each country, Emery describes the history of the bond market and identifies its key participants, the different types of bonds, and the current terms for bond issues. He also discusses the size of the bond market, the bond issuing process, trading procedures and the structure of the market, the clearing and settlement system, and fees and taxes. Finally, he lists the regulators of the market, current regulations, and bond rating agencies; assesses the markets past performance; and offers suggestions for improvement.Each country chapter is organized into a standard format, making it easy for the reader to locate and compare specific information. Emery concludes the book with cross-country comparisons of the eight countries bond markets. It will be an invaluable reference for economists, policymakers, and all those interested in emerging capital markets. }
