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Capital account regulation in Iceland: does anybody know what is going to happen?

Carmona, Pablo Aguirre - In: Journal of Post Keynesian Economics 36 (2014) 3, pp. 491-512

This article analyzes the capital account regulation (CAR) applied in Iceland after the banking crash of October 2008 … provide an adequate framework for analyzing the Icelandic experience because Iceland is a very particular case within the … group of countries that have historically resorted to CAR. Our main conclusions are that capital account regulation has been …

Persistent link: https://www.econbiz.de/10010812118

Capital account regulation in Iceland: does anybody know what is going to happen?

Carmona, Pablo Aguirre - In: Journal of Post Keynesian Economics 36 (2014) 3, pp. 491-512

Persistent link: https://www.econbiz.de/10010759881

Globalization and the (Mis)Governance of Nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun - Department of Economics, University of Warwick - 2011

We analyze whether or not the globalization of capital, `disciplines' governments and improves gov- ernance. We demonstrate that globalization a ects governance, by increasing a country's vulnerability to sudden capital ight. This increased threat of capital ight can discipline governments and...

Persistent link: https://www.econbiz.de/10010862694

Capital Flight from Russia

Loungani, Prakash; Mauro, Paolo - International Monetary Fund (IMF) - 2000

This paper documents the scale of capital flight from Russia, compares it with that observed in other countries, and reviews policy options. The evidence from other countries suggests that capital flight can be reversed once reforms take hold. The paper argues that capital flight from Russia can...

Persistent link: https://www.econbiz.de/10005771363

International Capital Mobility and Tax Evasion

Giovannini, Alberto - C.E.P.R. Discussion Papers - 1988

This paper studies the welfare effects of international investment to evade domestic taxes on domestic investment income. Capital mobility for tax evasion eliminates distortions in the intertemporal allocation of consumption, but introduces distortions in domestic production. Conversely, a...

Persistent link: https://www.econbiz.de/10005281329

External Debt, Capital Flight and Political Risk

Alesina, Alberto F; Tabellini, Guido - C.E.P.R. Discussion Papers - 1988

This paper provides an explanation of the simultaneous occurrence in developing countries of a large accumulation of external debt, private capital outflows and relatively low domestic capital formation. We consider a general equilibrium model in which two types of government with conflicting...

Persistent link: https://www.econbiz.de/10005281409

Financial Stability in Dollarized Economies

Gulde, Anne Marie; Hoelscher, David S.; Ize, Alain; … - International Monetary Fund (IMF) - 2004

This paper addresses the challenges to prudential supervision in highly dollarized economies, where central banks and supervisors may be constrained in the use of standard money and financial policy tools. The studyâ€™s conclusions are the basis of an ongoing policy dialogue with IMF member...

Persistent link: https://www.econbiz.de/10005824860

Development threshold, capital flows, and financial turbulence

Ding, Ding; Jinjarak, Yothin - In: The North American Journal of Economics and Finance 23 (2012) 3, pp. 365-385

We study capital flows in a panel of 130 countries, and derive the implications for the observed patterns of capital flows and capital controls before and into the crisis of 2008–11. We find that the size of capital flows is positively correlated with country's income level. In addition,...

Persistent link: https://www.econbiz.de/10010588397

Does financial liberalization decrease capital flight? A panel causality analysis

Yalta, A. Yasemin; Yalta, A. Talha - In: International Review of Economics & Finance 22 (2012) 1, pp. 92-100

We employ a panel causality approach in order to examine whether financial liberalization affects the magnitude of capital flight, which measures unrecorded accumulation of foreign assets by the private sector. Our data from 21 emerging market economies for the period between 1980 and 2004 show...

Persistent link: https://www.econbiz.de/10010573094

Effect of Capital Flight on Investment: Evidence from Emerging Markets

Yalta, A. Yasemin - In: Emerging Markets Finance and Trade 46 (2010) 6, pp. 40-54

Much of the discussion on international capital movements is directed toward studying the effects of foreign capital flows, whereas the implications of resident capital outflows (capital flight) from developing countries remain largely unanalyzed. Using a dynamic panel methodology for twenty-two...

Persistent link: https://www.econbiz.de/10009353262