Money Capital Mobility And Trade PDF Download
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Author | : Guillermo A. Calvo |
Publisher | : MIT Press |
Total Pages | : 572 |
Release | : 2004 |
Genre | : Business & Economics |
ISBN | : 9780262532600 |
Download Money, Capital Mobility, and Trade Book in PDF, ePub and Kindle
Essays by leading economists and scholars reflecting on Mundell's broad influence on modern open-economy macroeconomics.
Author | : Mr.B. Jang |
Publisher | : International Monetary Fund |
Total Pages | : 25 |
Release | : 1999-03-01 |
Genre | : Business & Economics |
ISBN | : 1451844123 |
Download Capital Controls and Trade Liberalization in a Monetary Economy Book in PDF, ePub and Kindle
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 | : George Fane |
Publisher | : Edward Elgar Publishing |
Total Pages | : 238 |
Release | : 2000-01-01 |
Genre | : Business & Economics |
ISBN | : 9781781957967 |
Download Capital Mobility, Exchange Rates, and Economic Crises Book in PDF, ePub and Kindle
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 | : Peter B. Kenen |
Publisher | : |
Total Pages | : 96 |
Release | : 1976 |
Genre | : Business & Economics |
ISBN | : |
Download Capital Mobility and Financial Integration Book in PDF, ePub and Kindle
Author | : Sebastian Edwards |
Publisher | : Cambridge University Press |
Total Pages | : 452 |
Release | : 1997-06-13 |
Genre | : Business & Economics |
ISBN | : 9780521597111 |
Download Capital Controls, Exchange Rates, and Monetary Policy in the World Economy Book in PDF, ePub and Kindle
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 |
Download International Trade and Money Book in PDF, ePub and Kindle
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 | : Paola Subacchi |
Publisher | : Yale University Press |
Total Pages | : 315 |
Release | : 2020-07-14 |
Genre | : Business & Economics |
ISBN | : 0300244045 |
Download The Cost of Free Money Book in PDF, ePub and Kindle
A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order "An expert on global financial and monetary systems . . . lucidly describes the failings of the international monetary 'non-system' that emerged after the collapse of the Bretton Woods system in the 1970s."--Martin Wolf, Financial Times "Best Books of 2020: Economics" 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 |
Download International Capital Mobility and External Account Determination Book in PDF, ePub and Kindle
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.
Author | : Martin Feldstein |
Publisher | : University of Chicago Press |
Total Pages | : 500 |
Release | : 2007-12-01 |
Genre | : Business & Economics |
ISBN | : 0226241807 |
Download International Capital Flows Book in PDF, ePub and Kindle
Recent changes in technology, along with the opening up of many regions previously closed to investment, have led to explosive growth in the international movement of capital. Flows from foreign direct investment and debt and equity financing can bring countries substantial gains by augmenting local savings and by improving technology and incentives. Investing companies acquire market access, lower cost inputs, and opportunities for profitable introductions of production methods in the countries where they invest. But, as was underscored recently by the economic and financial crises in several Asian countries, capital flows can also bring risks. Although there is no simple explanation of the currency crisis in Asia, it is clear that fixed exchange rates and chronic deficits increased the likelihood of a breakdown. Similarly, during the 1970s, the United States and other industrial countries loaned OPEC surpluses to borrowers in Latin America. But when the U.S. Federal Reserve raised interest rates to control soaring inflation, the result was a widespread debt moratorium in Latin America as many countries throughout the region struggled to pay the high interest on their foreign loans. International Capital Flows contains recent work by eminent scholars and practitioners on the experience of capital flows to Latin America, Asia, and eastern Europe. These papers discuss the role of banks, equity markets, and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions. By focusing on capital flows' productivity and determinants, and the policy issues they raise, this collection is a valuable resource for economists, policymakers, and financial market participants.
Author | : Ronald I. McKinnon |
Publisher | : Brookings Institution Press |
Total Pages | : 204 |
Release | : 2010-12-01 |
Genre | : Business & Economics |
ISBN | : 9780815718499 |
Download Money and Capital in Economic Development Book in PDF, ePub and Kindle
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.