Estimated Policy Rules for Capital Controls

Estimated Policy Rules for Capital Controls
Author: Gurnain Kaur Pasricha
Publisher: International Monetary Fund
Total Pages: 60
Release: 2020-06-05
Genre: Business & Economics
ISBN: 1513546104

This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudential or mercantilist motivations. I explore this question using a novel, weekly dataset on capital control actions in 21 emerging economies from 2001 to 2015. I introduce a new proxy for mercantilist motivations: the weighted appreciation of an emerging-market currency against its top five trade competitors. This proxy Granger causes future net initiations of non-tariff barriers in most countries. Emerging markets systematically respond to both mercantilist and macroprudential motivations. Policymakers respond to trade competitiveness concerns by using both instruments—inflow tightening and outflow easing. They use only inflow tightening in response to macroprudential concerns. Policy is acyclical to foreign debt; however, high levels of this debt reduces countercyclicality to mercantilist concerns. Higher exchange rate pass-through to export prices, and having an inflation targeting regime with non-freely floating exchange rates, increase responsiveness to mercantilist concerns.

The Export Administration Act

The Export Administration Act
Author: James V. Weston
Publisher: Nova Publishers
Total Pages: 160
Release: 2005
Genre: Business & Economics
ISBN: 9781594542206

The book provides the statutory authority for export controls on sensitive dual-use goods and technologies, items that have both civilian and military applications, including those items that can contribute to the proliferation of nuclear, biological and chemical weaponry. This new book examines the evolution, provisions, debate, controversy, prospects and reauthorisation of the EAA.

Capital Flight and Capital Controls in Developing Countries

Capital Flight and Capital Controls in Developing Countries
Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
Total Pages: 368
Release: 2005
Genre: Capital movements
ISBN:

Epstein (economics, U. of Massachusetts) and colleagues look at connections between financial liberalization, financial crises, and capital flight in the 1980s and 1990s during the rise of neoliberalism. Opening chapters set the context with an overview of the impacts of capital account liberalization on income distribution and growth and an descri

The Atlas of Economic Complexity

The Atlas of Economic Complexity
Author: Ricardo Hausmann
Publisher: MIT Press
Total Pages: 369
Release: 2014-01-17
Genre: Business & Economics
ISBN: 0262317737

Maps capture data expressing the economic complexity of countries from Albania to Zimbabwe, offering current economic measures and as well as a guide to achieving prosperity Why do some countries grow and others do not? The authors of The Atlas of Economic Complexity offer readers an explanation based on "Economic Complexity," a measure of a society's productive knowledge. Prosperous societies are those that have the knowledge to make a larger variety of more complex products. The Atlas of Economic Complexity attempts to measure the amount of productive knowledge countries hold and how they can move to accumulate more of it by making more complex products. Through the graphical representation of the "Product Space," the authors are able to identify each country's "adjacent possible," or potential new products, making it easier to find paths to economic diversification and growth. In addition, they argue that a country's economic complexity and its position in the product space are better predictors of economic growth than many other well-known development indicators, including measures of competitiveness, governance, finance, and schooling. Using innovative visualizations, the book locates each country in the product space, provides complexity and growth potential rankings for 128 countries, and offers individual country pages with detailed information about a country's current capabilities and its diversification options. The maps and visualizations included in the Atlas can be used to find more viable paths to greater productive knowledge and prosperity.

A Basic Guide to Exporting

A Basic Guide to Exporting
Author: Jason Katzman
Publisher: Skyhorse Publishing Inc.
Total Pages: 397
Release: 2011-03-23
Genre: Business & Economics
ISBN: 1616081112

Here is practical advice for anyone who wants to build their business by selling overseas. The International Trade Administration covers key topics such as marketing, legal issues, customs, and more. With real-life examples and a full index, A Basic Guide to Exporting provides expert advice and practical solutions to meet all of your exporting needs.

Balancing the National Interest

Balancing the National Interest
Author: National Academy of Sciences, National Academy of Engineering, Institute of Medicine
Publisher: National Academies Press
Total Pages: 336
Release: 1987-02-01
Genre: Political Science
ISBN: 0309037387

The U.S. national security export controls systemâ€"which was instituted to impede Soviet acquisition of high technology from the Westâ€"is both necessary and appropriate. Balancing the National Interest provides a thorough analysis of this controls system, examining the current system of laws, regulations, international agreements, and organizations that control the international transfer of technology through industrial channels. Foreign Affairs calls it "the best on the subject to have been published in the 40 years that the United States has exercised controls on exports that might add to Soviet power."