The Impact Of Controls On Capital Movements On The Private Capital Accounts Of Countries Balance Of Payments

Author : Mr.R. B. Johnston
Publisher : International Monetary Fund
ISBN 13 : 1451956207
Total Pages : 46 pages
Book Rating : 4.07/5 ( download)

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Download or read book The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments written by Mr.R. B. Johnston and published by International Monetary Fund. This book was released on 1994-07-01 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports research on the impact of controls on capital movements on the private capital accounts of countries’ balance of payments using data drawn from 52 countries for the period 1985-92. The results indicate that: (1) capital controls operated by developing countries have not been effective in insulating the private capital accounts of these countries’ balance of payments, and (2) capital controls operated by industrial countries significantly affected the structure of their capital flows mainly by inhibiting net foreign direct and portfolio investment outflows. The results, which are consistent with other observations, raise issues for the policy toward the maintenance and liberalization of controls on capital movements by developing countries.

Author : Robert Barry Johnston
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.68/5 ( download)

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Download or read book The impact of controls on capital movements on the private capital accounts of countries' balance of payments written by Robert Barry Johnston and published by . This book was released on 1994 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : R. Barry Johnston
Publisher :
ISBN 13 :
Total Pages : 46 pages
Book Rating : 4.15/5 ( download)

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Download or read book The Impact of Controls on Capital Movements on the Private Capital Accounts of Countries` Balance of Payments written by R. Barry Johnston and published by . This book was released on 2006 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reports research on the impact of controls on capital movements on the private capital accounts of countries` balance of payments using data drawn from 52 countries for the period 1985-92. The results indicate that: (1) capital controls operated by developing countries have not been effective in insulating the private capital accounts of these countries` balance of payments, and (2) capital controls operated by industrial countries significantly affected the structure of their capital flows mainly by inhibiting net foreign direct and portfolio investment outflows. The results, which are consistent with other observations, raise issues for the policy toward the maintenance and liberalization of controls on capital movements by developing countries.

Author : Fondo Monetario Internacional
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.78/5 ( download)

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Download or read book The impact of controls on capital movements on the private capital accounts of countries' balance of payments written by Fondo Monetario Internacional and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Barry R. Johnston
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.37/5 ( download)

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Download or read book The IMPACT OF CONTROL ON CAPITAL MOVEMENTS ON THE PRIVATE CAPITAL ACCOUNTS OF COUNTRIES' BALANCE OF PAYMENTS written by Barry R. Johnston and published by . This book was released on 1994 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Age Bakker
Publisher : International Monetary Fund
ISBN 13 : 1589061179
Total Pages : 72 pages
Book Rating : 4.70/5 ( download)

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Download or read book Advanced Country Experiences with Capital Account Liberalization written by Age Bakker and published by International Monetary Fund. This book was released on 2002-09-26 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This paper describes how national policymakers’ views of capital controls shifted over time, and how these controls have been closely related to regulation in other policy areas, such as banking and financial markets. As developing countries seek to liberalize their capital accounts to obtain the benefits of increased integration with the global economy, what lessons can be drawn from industrial countries’ diverse experiences with capital controls, and how can a country’s liberalization measures be sequenced to minimize disturbances to its exchange rate and monetary policies?

Author : Mr.Atish R. Ghosh
Publisher : International Monetary Fund
ISBN 13 : 1498333222
Total Pages : 45 pages
Book Rating : 4.21/5 ( download)

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Download or read book What’s In a Name? That Which We Call Capital Controls written by Mr.Atish R. Ghosh and published by International Monetary Fund. This book was released on 2016-02-12 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates why controls on capital inflows have a bad name, and evoke such visceral opposition, by tracing how capital controls have been used and perceived, since the late nineteenth century. While advanced countries often employed capital controls to tame speculative inflows during the last century, we conjecture that several factors undermined their subsequent use as prudential tools. First, it appears that inflow controls became inextricably linked with outflow controls. The latter have typically been more pervasive, more stringent, and more linked to autocratic regimes, failed macroeconomic policies, and financial crisis—inflow controls are thus damned by this “guilt by association.” Second, capital account restrictions often tend to be associated with current account restrictions. As countries aspired to achieve greater trade integration, capital controls came to be viewed as incompatible with free trade. Third, as policy activism of the 1970s gave way to the free market ideology of the 1980s and 1990s, the use of capital controls, even on inflows and for prudential purposes, fell into disrepute.

Author : Sebastian Edwards
Publisher : Cambridge University Press
ISBN 13 : 9780521597111
Total Pages : 452 pages
Book Rating : 4.10/5 ( download)

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Download or read book Capital Controls, Exchange Rates, and Monetary Policy in the World Economy written by Sebastian Edwards and published by Cambridge University Press. This book was released on 1997-06-13 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays collected in this volume discuss the impact of increased capital mobility on macroeconomic performance.

Author : Sebastian Edwards
Publisher : University of Chicago Press
ISBN 13 : 0226184994
Total Pages : 699 pages
Book Rating : 4.99/5 ( download)

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Download or read book Capital Controls and Capital Flows in Emerging Economies written by Sebastian Edwards and published by University of Chicago Press. This book was released on 2009-02-15 with total page 699 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.

Author : Ms.Inci Ötker
Publisher : International Monetary Fund
ISBN 13 : 1557758743
Total Pages : 135 pages
Book Rating : 4.43/5 ( download)

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Download or read book Capital Controls written by Ms.Inci Ötker and published by International Monetary Fund. This book was released on 2000-05-17 with total page 135 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.