Download Capital Controls and Capital Flows in Emerging Economies: by Sebastian Edwards PDF

By Sebastian Edwards

ISBN-10: 0226184978

ISBN-13: 9780226184975

ISBN-10: 0226184994

ISBN-13: 9780226184999

Some students argue that the unfastened circulate of capital throughout borders complements welfare; others declare it represents a transparent peril, specifically for rising countries. In Capital Controls and Capital Flows in rising Economies, an esteemed staff of members examines either the benefits and the pitfalls of proscribing capital mobility in those rising nations.

In the aftermath of the East Asian foreign money crises of 1997, the authors give some thought to mechanisms that 8 nations have used to manage capital inflows and review their effectiveness in changing the adulthood of the ensuing exterior debt and decreasing macroeconomic vulnerability. This quantity is key examining for all these drawn to rising international locations and the prices and advantages of limiting foreign capital flows.

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Read or Download Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences (National Bureau of Economic Research Conference Report) PDF

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Additional resources for Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences (National Bureau of Economic Research Conference Report)

Example text

However, the recent work on institutions and growth by Acemoglu, Johnson, and Robinson (2001, 2002) illustrates how conditions in the colonies shaped today’s institutions. The British institutions in India do not necessarily have the same quality as the British institutions in the United States and Australia. They argue that it is not the legal origin or the identity of the colonizer that matters for shaping institutions, but whether the European colonialists could safely settle in a particular location.

Latvia and Slovenia do not have human capital data. The rest are outliers for the other independent variables. 5. Ending up again with a sample of forty-seven is pure coincidence. S. a. 89 Notes: Inflows of each category correspond to foreign claims on domestic capital (liability) divided by population. S. dollars. Inflows of total equity represent the sum of FDI and portfolio equity investment. FDI data are for 72 countries; portfolio data are for 68 countries, and debt data are for 122 countries.

This is mainly due to the fact that different researchers focus on different samples of countries (Organization for Economic Cooperation and Development [OECD] countries versus emerging markets), different time periods (1970s versus 1980s versus 1990s), and different forms of capital flows (foreign direct investment/portfolio equity flows versus debt flows or public flows versus private flows). For example, Calvo, Leiderman, and Reinhart (1996) focus on the role of external (push) and internal (pull) factors as potential determinants of foreign investment using a cross section of developing countries.

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