Capital Controls In Emerging Economies

ISBN-13: 9780813336558 / Angielski / Miękka / 1999 / 174 str.

Christine P. Ries; Richard James Sweeney; Richard James Sweeney

Opis

As a growing number of nations usher in market economies, policymakers must grapple with key decisions regarding capital controls and capital account liberalization. In this ambitious volume, distinguished economists evaluate these choices within the context of economic efficiency, economic structure, and political consequences in an increasingly global and competitive market environment. Critically assessing traditional positions on the timing and degree of liberalization of trade and capital flows, they also consider newer arguments from the fields of public choice, financial economics, and industrial organizations. In addition, the contributors examine some of the specific approaches undertaken in various emerging market economies, including in east-central Europe and the former Soviet Union.

Spis treści

Preface -- Introduction and Overview -- Orthodoxy Is Right: Liberalize the Capital Account Last -- Reality and the Logic of Capital Flow Liberalization -- Preconditions for Liberalization of Capital Flows: A Review and Interpretation -- The Information Costs of Capital Controls -- Currency Convertibility, Policy Credibility and Capital Flight in Poland and the Czech and Slovak Federal Republic -- Capital Controls and Corporate Investment Behavior -- Capital Account Liberalization and Policy Incentives: An Endogenous Policy View -- A Payments Mechanism for the Independent States of the Former Soviet Union

O autorze

Christine