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Measuring the On-Going Changes in China's Capital Flow Management : A De Jure and a Hybrid Index Data Set

Chen, Jinzhao - 2015

Liberalizing China's capital account may impose profound implications on the RMB exchange rate, monetary policy … autonomy, Chinese and the world economy. Owing to the scarcity of proper measurements for China's capital controls, rigorous … studies on the effectiveness and implications of China's capital controls are limited. We contribute to the literature by …

Persistent link: https://www.econbiz.de/10013029992

Catching Up by Deglobalization : Capital Account Policy and Economic Growth

Choi, Woo Jin - 2020

We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation — strategic capital account policy — contribute to...

Persistent link: https://www.econbiz.de/10012844518

Capital Account Liberalization - Benefits and Costs

Janicka, Malgorzata - 2008

One of the most important elements of financial markets' globalization is capital account liberalization. Joining the international financial markets can bring both benefits and costs to the given country. Having removed obstacles to the free flow of capital countries expect a more dynamic...

Persistent link: https://www.econbiz.de/10014216573

Capital Flows, Capital Account Liberalisation and the Mediterranean Countries

Gibson, Heather D.; Tsaveas, Nicholas; Vlassopoulos, Thomas - 2022

This paper examines questions related to possible capital account liberalisation in the Mediterranean countries. First, we provide an overview of the extent to which these countries have capital controls along with their exchange rate regimes and some basic macroeconomic aggregates. Second, we...

Persistent link: https://www.econbiz.de/10014080671

Opening the Capital Account of Transition Economies : How Much and How Fast

Dăianu, Daniel; Vranceanu, Radu P. - 2003

In the late eighties, many developing countries followed the example of the most advanced countries and opened their capital account (K.A.) in an attempt to reap new gains from increased integration with the world economy. By 2000, after the wave of financial and currency crises that hurt the...

Persistent link: https://www.econbiz.de/10014103396

Revisting Capital Account Convertibility in the Aftermath of the Currency Crisis

Karunaratne, Neil Dias - 2012

The paper analyses the causes of the Asian Financial Crisis 1977/79. The increase in cross-border capital mobility and the issues of regulating sequencing of trade liberating and capital account convertiblity are also discussed. A typology of generation-models of currency crises is analyzed. It...

Persistent link: https://www.econbiz.de/10013104581

Do Developing Countries Need ‘Good’ Institutions and Policies and Deep Financial Markets to Benefit from Capital Account Liberalization?

van Hulten, Andrew - 2010

This article critically evaluates the argument that, if developing countries had better institutions and policies and deeper financial markets, they would receive a boost to growth from capital account liberalization. The existing empirical record is ambiguous and leaves unanswered many of the...

Persistent link: https://www.econbiz.de/10013147899

Capital Account Policies in Chile Macro-Financial Considerations Along the Path to Liberalization

Carriere-Swallow, Yan - 2013

This paper recounts Chile's experience with capital account policies since the 1990s. We present how two external shocks were confronted under very different macroeconomic and capital account frameworks. We show that during the 1997-98 Asian-LTCM-Russia crisis, a closed capital account and...

Persistent link: https://www.econbiz.de/10013080858

Contagious policies : an analysis of spatial interactions among countries' capital account policies

Steiner, Andreas - 2010

Persistent link: https://www.econbiz.de/10003937869

Contagious policies : an analysis of spatial interactions among countries' capital account policies

Steiner, Andreas - 2010

Countries' capital account policies might be contagious in the sense that domestic policies are driven by other countries' policies. A model of strategic interactions is developed to show that countries' best response to policy changes elsewhere consists in imitating this policy. Using a spatial...

Persistent link: https://www.econbiz.de/10009660970