Capital Account Liberalization and Economic Performance
Title | Capital Account Liberalization and Economic Performance PDF eBook |
Author | Hali J. Edison |
Publisher | |
Total Pages | 72 |
Release | 2002 |
Genre | Capital market |
ISBN |
This paper reviews the literature on the effects of capital account liberalization and stock market liberalization on economic growth. The various empirical measures used to gauge the presence of controls on capital account transactions as well as indicators of stock market liberalization are discussed. We compare detailed measures of capital account controls that attempt to capture the intensity of enforcement with others that simply capture whether or not controls are present. Our review of the literature shows the contrasting results that have been obtained. These differences may reflect differences in country coverage, sample periods and indicators of liberalization. In order to reconcile these differences, we present new estimates of the effects on growth of capital account liberalization and stock market liberalization. We find some support for a positive effect of capital account liberalization on growth, especially for developing countries.
One Currency, Two Markets
Title | One Currency, Two Markets PDF eBook |
Author | Edwin L.-C. Lai |
Publisher | Cambridge University Press |
Total Pages | 347 |
Release | 2021-07-08 |
Genre | Business & Economics |
ISBN | 1108491685 |
Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.
Capital Account Liberalization
Title | Capital Account Liberalization PDF eBook |
Author | Peter Blair Henry |
Publisher | |
Total Pages | 0 |
Release | 2006 |
Genre | Capital market |
ISBN |
Financial Liberalization and Economic Performance
Title | Financial Liberalization and Economic Performance PDF eBook |
Author | Luiz Fernando de Paula |
Publisher | Taylor & Francis |
Total Pages | 273 |
Release | 2012-07-26 |
Genre | Business & Economics |
ISBN | 1136854908 |
Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.
Capital Account Liberalization and Inequality
Title | Capital Account Liberalization and Inequality PDF eBook |
Author | Davide Furceri |
Publisher | International Monetary Fund |
Total Pages | 26 |
Release | 2015-11-24 |
Genre | Business & Economics |
ISBN | 1513531409 |
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms.
Financial Liberalization and Economic Performance in Emerging Countries
Title | Financial Liberalization and Economic Performance in Emerging Countries PDF eBook |
Author | P. Arestis |
Publisher | Springer |
Total Pages | 221 |
Release | 2008-07-24 |
Genre | Business & Economics |
ISBN | 0230227740 |
This book discusses the relationship between financial liberalization, financial deepening and economic performance from both a theoretical and a policy perspective, comparing several 'big' emerging countries: Argentina, Brazil, China, India, Russia, South Africa and India, amongst others.
Capital Flows and Crises
Title | Capital Flows and Crises PDF eBook |
Author | Barry J. Eichengreen |
Publisher | MIT Press |
Total Pages | 396 |
Release | 2004 |
Genre | Business & Economics |
ISBN | 9780262550598 |
An analysis of the connections between capital flows and financial crises as well as between capital flows and economic growth.