Capital Account Policies and the Real Exchange Rate

This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of Chinese capital account policies

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Year of publication:	2012
Authors:	Jeanne, Olivier
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Kaufkraftparität \| Purchasing power parity \| Kapitalverkehrskontrolle \| Capital controls \| Theorie \| Theory \| Abwertung \| Currency devaluation \| Kleine offene Volkswirtschaft \| Small open economy \| Wohlfahrtsanalyse \| Welfare analysis \| China

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Extent:	1 Online-Ressource (41 p)
Series:	Peterson Institute for International Economics Working Paper ; No. 12-14
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 13, 2012 erstellt
Other identifiers:	10.2139/ssrn.2151544 [DOI]
Classification:	F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F36 - Financial Aspects of Economic Integration
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013100317