Verfügbarkeit: Terms of Trade Disturbances, Real Exchange Rates, and Welfare

Terms of Trade Disturbances, Real Exchange Rates, and Welfare: The Role of Capital Controls and Labor Market Distortions

Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital controls ca...

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Körperschaft:	International Monetary Fund (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Washington, D.C International Monetary Fund 1989
Schriftenreihe:	IMF Working Papers
Online-Zugang:	UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 URL des Erstveröffentlichers
Zusammenfassung:	Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital controls affect the adjustment of macroeconomic variables to real disturbances? Second, what is the nature of second best arguments for maintaining capital controls given that certain distortions will remain after the European single market is in place in 1992?
Beschreibung:	1 Online-Ressource (32 p)
ISBN:	1451921411 9781451921410

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spelling	International Monetary Fund Verfasser aut Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions Washington, D.C International Monetary Fund 1989 1 Online-Ressource (32 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital controls can be assessed. Two main issues are considered. First, how do capital controls affect the adjustment of macroeconomic variables to real disturbances? Second, what is the nature of second best arguments for maintaining capital controls given that certain distortions will remain after the European single market is in place in 1992? Online-Ausg International Monetary Fund Sonstige oth http://elibrary.imf.org/view/IMF001/14331-9781451921410/14331-9781451921410/14331-9781451921410.xml Verlag URL des Erstveröffentlichers Volltext
spellingShingle	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_auth	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_exact_search	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_exact_search_txtP	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_full	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_fullStr	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_full_unstemmed	Terms of Trade Disturbances, Real Exchange Rates, and Welfare The Role of Capital Controls and Labor Market Distortions
title_short	Terms of Trade Disturbances, Real Exchange Rates, and Welfare
title_sort	terms of trade disturbances real exchange rates and welfare the role of capital controls and labor market distortions
title_sub	The Role of Capital Controls and Labor Market Distortions
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