Results 11 to 20 of about 74,097 (261)
The Multiple Effects of Capital Controls
Comparative Economic Research, 2020 Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustment in economies with nominal rigidities and suboptimal monetary policy.
Chokri Zehri
doaj +1 more source
To be or renminbi: Trend in the evolution of the international monetary system [PDF]
Industrija, 2014 By joining the recent research bandwagon in international finance, this paper reexamines the potential of Chinese yuan for becoming a leading world currency.
Malović Marko G.
doaj +1 more source
An Introduction to Capital Controls [PDF]
Review, 1999 The relatively recent resumption of large international capital flows and the Asian crisis have revived interest in capital controls - taxes or restrictions on international transactions in assets like stocks or bonds. For many years economists considered capital controls to be obviously detrimental to the allocation of productive resources; they have ...
openaire +2 more sources
Capital controls and welfare [PDF]
Journal of Macroeconomics, 2010 This paper computes welfare levels under different degree of capital controls and compares them with the welfare level under perfect capital mobility by using the methodology of Schmitt-Grohe and Uribe (2007). We show that perfect capital mobility is not always optimal and that capital controls may enhance an economy's welfare level.
openaire +2 more sources
Country-Level Size Effects in International Asset Pricing
Emerging Markets Journal, 2021 This paper investigates whether small markets offer higher risk-adjusted expected returns using a large set of developed and emerging markets over a time span of up to four decades. The results show that expected returns are significantly lower in larger
Crina Pungulescu
doaj +1 more source
PSL Quarterly Review, 2012 The article analyses the problem of international capital mobility which the Asian crisis has highlighted. It points out that the problem of capital mobility ("hot money" panics) has a long history, but globalization, the opening up of national ...
H. W. Arndt
doaj +1 more source
Capital Flows to Brazil-The Endogeneity of Capital Controls [PDF]
IMF Working Papers, 1997 This paper creates an index of capital controls to analyze the determinants of capital flows to Brazil, accounting for the endogeneity of capital controls by considering a government that sets controls in response to capital flows. It finds that the government reacts strongly to capital flows by increasing controls on inflows during booms and relaxing ...
Eliane A. Cardoso, Ilan Goldfajn
openaire +2 more sources
Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten
Journal of Banking and Financial Economics, 2015 Even after one of the most severe multi-year crises on record in the advanced economies, the received wisdom in policy circles clings to the notion that high-income countries are completely different from their emerging market counterparts. The current
Carmen M. Reinhart, Kenneth S. Rogoff
doaj +1 more source
Tracing the invisible: How CBDCs can strengthen anti-money laundering in small open economies [PDF]
Banks and Bank SystemsType of the article: Research Article AbstractMoney laundering poses serious risks for small open economies by weakening financial stability and reducing trust in the financial system.
Mesbah Fathy Sharaf +2 more
doaj +1 more source
Dampen macroeconomic volatility: a useful role of capital controls on international trade
Journal of Applied Economics, 2022 Capital controls may adversely affect international trade. This study aims to demonstrate the usefulness of capital controls for reducing macroeconomic volatilities and then mitigating their negative effects on international trade.
Chokri Zehri
doaj +1 more source