Liberalization of the capital account: experiences and issues
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Washington, DC
1993
|
| Schriftenreihe: | International Monetary Fund: Occasional paper
103 |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | V, 39 S. |
| ISBN: | 155775280X |
Internformat
MARC
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| 650 | 4 | |a Mouvements de capitaux - Politique gouvernementale | |
| 650 | 4 | |a Mouvements de capitaux - Politique gouvernementale - Pays en voie de développement - Cas, Études de | |
| 650 | 4 | |a Politique fiscale | |
| 650 | 4 | |a Entwicklungsländer | |
| 650 | 4 | |a Politik | |
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Datensatz im Suchindex
| _version_ | 1804122597824135168 |
|---|---|
| adam_text | Contents
Page
Preface v
V
I. Introduction I
II. Restrictions on Capital Account Transactions 4
Types of Capital Controls 4
Rationales for Capital Controls 4
Limiting Volatile Short Term Capital Flows 4
Retention of Domestic Savings 6
Maintenance of the Domestic Tax Base 6
Capital Controls and Stabilization and
Structural Reform Programs 7
III. Effectiveness of Capital Controls 8
Channels for Evading Capital Controls 8
Experiences with Capital Controls 9
Industrial Countries 9
Developing Countries 12
IV. Implications of the Reduced Effectiveness of Capital Controls 18
Cost of Maintaining Capital Controls 18
Constraints on the Formulation of Macroeconomic and
Structural Policies 18
Potential Benefits of a More Open Capital Account 19
V. Establishing Capital Account Convertibility 22
Experiences with Capital Account Liberalization 22
Industrial Countries 22
Developing Countries 23
Failure of Capital Account Liberalization
in the Southern Cone 23
Mexican Experience 25
Implications of Capital Account Liberalization
for Asset Prices and Capital Flows 28
Preconditions for Establishing Capital Account Convertibility 30
Appendix Capital Flight and Capital Controls 34
Page
Tables
1. Restrictions on Capital Account Transactions, 1975, 1980,
1985, and 1990 5
2. Capital Flight and Total External Debt for a Group of
Heavily Indebted Developing Countries 13
3. Stabilization Programs in Selected Developing Countries 14
4. Stocks of Capital Flight and Broad Money in Selected
Developing Countries 20
5. New Zealand and United Kingdom:
Capital Flows and Real Exchange Rates 24
6. Argentina, Chile, and Uruguay: Interest Rates,
Inflation Rates, and Real Exchange Rates 26
7. Mexico: Interest Rates, Inflation Rates,
and Real Exchange Rates 28
Bibliography 35
The following symbols have been used throughout this paper:
... to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item
does not exist;
between years or months (e.g., 1991 92 or January June) to indicate the years or
months covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
Billion means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term country, as used in this paper, does not in all cases refer to a territorial entity
that is a state as understood by international law and practice; the term also covers some
territorial entities that are not states, but for which statistical data are maintained and
provided internationally on a separate and independent basis.
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| spelling | Mathieson, Donald J. Verfasser aut Liberalization of the capital account experiences and issues Donald J. Matthieson and Liliana Rojas-Suárez Washington, DC 1993 V, 39 S. txt rdacontent n rdamedia nc rdacarrier International Monetary Fund: Occasional paper 103 Kapitaalbeweging gtt Liberalisatie gtt Monetaire politiek gtt Mouvements de capitaux - Politique gouvernementale Mouvements de capitaux - Politique gouvernementale - Pays en voie de développement - Cas, Études de Politique fiscale Entwicklungsländer Politik Capital movements Government policy Capital movements Government policy Developing countries Case studies Kapitalbewegung (DE-588)4132737-8 gnd rswk-swf Países subdesarrollados - Flujos de capital - Política gubernamental - Estudio con casos Entwicklungsländer (DE-588)4014954-7 gnd rswk-swf (DE-588)4522595-3 Fallstudiensammlung gnd-content Entwicklungsländer (DE-588)4014954-7 g Kapitalbewegung (DE-588)4132737-8 s DE-604 Rojas-Suárez, Liliana Verfasser (DE-588)1055769803 aut International Monetary Fund: Occasional paper 103 (DE-604)BV002597241 103 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=005420222&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mathieson, Donald J. Rojas-Suárez, Liliana Liberalization of the capital account experiences and issues International Monetary Fund: Occasional paper Kapitaalbeweging gtt Liberalisatie gtt Monetaire politiek gtt Mouvements de capitaux - Politique gouvernementale Mouvements de capitaux - Politique gouvernementale - Pays en voie de développement - Cas, Études de Politique fiscale Entwicklungsländer Politik Capital movements Government policy Capital movements Government policy Developing countries Case studies Kapitalbewegung (DE-588)4132737-8 gnd |
| subject_GND | (DE-588)4132737-8 (DE-588)4014954-7 (DE-588)4522595-3 |
| title | Liberalization of the capital account experiences and issues |
| title_auth | Liberalization of the capital account experiences and issues |
| title_exact_search | Liberalization of the capital account experiences and issues |
| title_full | Liberalization of the capital account experiences and issues Donald J. Matthieson and Liliana Rojas-Suárez |
| title_fullStr | Liberalization of the capital account experiences and issues Donald J. Matthieson and Liliana Rojas-Suárez |
| title_full_unstemmed | Liberalization of the capital account experiences and issues Donald J. Matthieson and Liliana Rojas-Suárez |
| title_short | Liberalization of the capital account |
| title_sort | liberalization of the capital account experiences and issues |
| title_sub | experiences and issues |
| topic | Kapitaalbeweging gtt Liberalisatie gtt Monetaire politiek gtt Mouvements de capitaux - Politique gouvernementale Mouvements de capitaux - Politique gouvernementale - Pays en voie de développement - Cas, Études de Politique fiscale Entwicklungsländer Politik Capital movements Government policy Capital movements Government policy Developing countries Case studies Kapitalbewegung (DE-588)4132737-8 gnd |
| topic_facet | Kapitaalbeweging Liberalisatie Monetaire politiek Mouvements de capitaux - Politique gouvernementale Mouvements de capitaux - Politique gouvernementale - Pays en voie de développement - Cas, Études de Politique fiscale Entwicklungsländer Politik Capital movements Government policy Capital movements Government policy Developing countries Case studies Kapitalbewegung Países subdesarrollados - Flujos de capital - Política gubernamental - Estudio con casos Fallstudiensammlung |
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