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The Consequences of Bretton Woods’ International Capital Controls and the High Value of Geopolitical Stability

Ohanian, Lee E.; Restrepo-Echavarria, Paulina; Van … - 2022

capital flows accounting framework consisting of the U.S., Western Europe, and the Rest of the World, is developed to identify … international capital flows. Counterfactual analyses show world output would have been 0.6% higher had there been perfect capital … mobility, and that these impediments to capital mobility raised welfare substantially in the rest of the world and modestly in …

Persistent link: https://www.econbiz.de/10014091148

Capital inflow surges and consequences

Ghosh, Atish R.; Qureshi, Mahvash Saeed - 2016

While capital flows to emerging markets bring numerous benefits, they are also known to create macroeconomic imbalances (economic overheating, currency overvaluation) and increase financial vulnerabilities (domestic credit growth, bank leverage, foreign currency-denominated lending). But are all...

Persistent link: https://www.econbiz.de/10011522086

Capital Inflow Surges and Consequences

Ghosh, Atish R. - 2016

Persistent link: https://www.econbiz.de/10012983353

The Reinvestment of Multinationals as a Capital Flow : Crises, Imbalances and the Cash-Based Current Account

Hansen, Erwin - 2018

On average, foreign corporations save a third of their local profits in the host country. While this is recorded as "Retained Earnings Foreign Direct Investment" (REFDI), macroeconomics has so far overlooked its particularities. This paper explores the aggregate economic properties of REFDI. It...

Persistent link: https://www.econbiz.de/10012937133

Analysing sectoral capital flows : Covariates, co-movements, and controls

Lepers, Etienne - 2021

This paper assembles a comprehensive sectoral capital flows dataset for 64 advanced and emerging economies from 2000-18. This includes direct, portfolio and other investments to and from five sectors: central banks (CB), general government (GG), banks (BKs), non-financial corporates (NFCs) and...

Persistent link: https://www.econbiz.de/10012630401

Sectoral Capital Flows : Covariates, Co-movements, and Controls

Lepers, Etienne; Mercado, Rogelio V. <Jr.> - 2020

This paper assembles a comprehensive sectoral capital flows dataset for 64 advanced and emerging economies from 2000-18, including direct, portfolio, and other investment to and from central banks (CB), general government (GG), banks (BKs), non-financial corporates (NFCs) and other financial...

Persistent link: https://www.econbiz.de/10014352299

Capital flow deflection under the magnifying glass

Gori, Filippo; Lepers, Etienne; Mehigan, Caroline - 2020

In a financially interconnected world, individual countries’ policy choices affect other economies and can become a …

Persistent link: https://www.econbiz.de/10012304410

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

Catching Up by "Deglobalizing" : Capital Account Policy and Economic Growth

Bergin, Paul R.; Choi, Woo Jin; Pyun, Ju Hyun - National Bureau of Economic Research - 2023

While substantial empirical research has evaluated the question of whether capital account openness promotes economic growth, this paper finds empirical evidence for cases where the opposite is true--that a policy of capital controls can promote economic growth, when combined with a policy of...

Persistent link: https://www.econbiz.de/10014226141

Cryptocurrency and Capital Controls

Carlson, Jill - 2017

The development of cryptocurrency technology has made it possible to transfer value securely and instantaneously without a third party intermediary such as a bank or financial institution. This is an exploratory analysis of where and why this technology has gained traction. In particular, I...

Persistent link: https://www.econbiz.de/10012946351