Unstable Current Account Behaviour and Capital Flows in Developing Countries
Author | : Maxwell J. Fry |
Publisher | : |
Total Pages | : 74 |
Release | : 1991 |
Genre | : Balance of payments |
ISBN | : |
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Author | : Maxwell J. Fry |
Publisher | : |
Total Pages | : 74 |
Release | : 1991 |
Genre | : Balance of payments |
ISBN | : |
Author | : Gerald K. Helleiner |
Publisher | : Springer |
Total Pages | : 247 |
Release | : 2016-07-27 |
Genre | : Business & Economics |
ISBN | : 1349150711 |
An authoritative assessment of the debate over the role of volatile private capital flows and their impact on developing countries. The book outlines the long history of concern about these issues, going back to preparations for the Bretton Woods agreement. It assesses their acceleration with the growth of international capital and looks at key case studies from Latin America, Asia and Africa to assess the possibilities and problems for national and international policy responses.
Author | : Showkat Ali |
Publisher | : Taylor & Francis |
Total Pages | : 200 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780815330738 |
This study examines the major macroeconomic determinants and the structural relationships of current account variability, capital flows, saving and investment in open economies that are linked to the international financial markets. It explores the appropriateness of domestic policy responses (such as money stock growth, government spending, openness criteria, GDP growth) and the size of population or the impact of external shocks (such as exchange rate variability and the terms of trade uncertainty) for determining the domestic saving-investment comovement and capital flows worldwide. This analysis finds that even high positive correlations between national saving and investment rates could naturally arise within a perfect capital mobility framework where domestic policy variability and external shocks are likely to play a significant role for capital inflow.
Author | : Jesús Ferreiro |
Publisher | : Springer |
Total Pages | : 260 |
Release | : 2005-12-15 |
Genre | : Business & Economics |
ISBN | : 0230522378 |
This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the consequences of that behaviour on both the economic performance of the involved countries and on the economic policies implemented.
Author | : Alexander Fleming |
Publisher | : |
Total Pages | : 58 |
Release | : 1981 |
Genre | : Balance of payments |
ISBN | : |
Author | : Yilmaz Akyüz |
Publisher | : |
Total Pages | : 76 |
Release | : 2000 |
Genre | : Capital movements |
ISBN | : |
Author | : Mr.R. G Gelos |
Publisher | : International Monetary Fund |
Total Pages | : 44 |
Release | : 2019-12-20 |
Genre | : Business & Economics |
ISBN | : 1513522906 |
The volatility of capital flows to emerging markets continues to pose challenges to policymakers. In this paper, we propose a new framework to answer critical policy questions: What policies and policy frameworks are most effective in dampening sharp capital flow movements in response to global shocks? What are the near- versus medium-term trade-offs of different policies? We tackle these questions using a quantile regression framework to predict the entire future probability distribution of capital flows to emerging markets, based on current domestic structural characteristics, policies, and global financial conditions. This new approach allows policymakers to quantify capital flows risks and evaluate policy tools to mitigate them, thus building the foundation of a risk management framework for capital flows.
Author | : Dilip Das |
Publisher | : Routledge |
Total Pages | : 637 |
Release | : 2003-09-02 |
Genre | : Business & Economics |
ISBN | : 1134871953 |
In this updated fourth edition, author Maurice Levi successfully integrates both the micro and macro aspects of international finance. He sucessfully explores managerial issues and focuses on problems arising from financial trading relations between nations, whilst covering key topics such as: * organization of foreign exchange markets * determination of exchange rates * the fundamental principles of international finance * foreign exchange risk and exposure * fixed and flexible exchange rates. This impressive new edition builds and improves upon the popular style and structure of the original. With new data, improved pedagogy, and coverage of all of the main developments in international finance over the last few years, this book will prove essential reading for students of economics and business.
Author | : Sebastian Edwards |
Publisher | : University of Chicago Press |
Total Pages | : 782 |
Release | : 2002-11-15 |
Genre | : Business & Economics |
ISBN | : 9780226184944 |
Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future of the global financial system. In this timely and important volume, distinguished academics, officials in multilateral organizations, and public and private sector economists explore the causes of and effective policy responses to international currency crises. Topics covered include exchange rate regimes, contagion (transmission of currency crises across countries), the current account of the balance of payments, the role of private sector investors and of speculators, the reaction of the official sector (including the multilaterals), capital controls, bank supervision and weaknesses, and the roles of cronyism, corruption, and large players (including hedge funds). Ably balancing detailed case studies, cross-country comparisons, and theoretical concerns, this book will make a major contribution to ongoing efforts to understand and prevent international currency crises.
Author | : Mr.Stijn Claessens |
Publisher | : International Monetary Fund |
Total Pages | : 66 |
Release | : 2013-01-30 |
Genre | : Business & Economics |
ISBN | : 1475561008 |
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.