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Author: Friedrich Ivan Schneider
Publisher:
ISBN: 9781589060852
Category : Banks and banking
Languages : en
Pages : 94
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Book Description
This paper analyses the links between capital account liberalisation and other policies influencing financial sector stability. Drawing on country experiences, it develops an operational framework for the co-ordination of capital account liberalisation, particularly with structural policies to strengthen the domestic financial system.
Author: Friedrich Ivan Schneider
Publisher:
ISBN: 9781589060852
Category : Banks and banking
Languages : en
Pages : 94
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Book Description
This paper analyses the links between capital account liberalisation and other policies influencing financial sector stability. Drawing on country experiences, it develops an operational framework for the co-ordination of capital account liberalisation, particularly with structural policies to strengthen the domestic financial system.
Author: Edwin L.-C. Lai
Publisher: Cambridge University Press
ISBN: 1108491685
Category : Business & Economics
Languages : en
Pages : 347
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Book Description
Economic analysis of the future of the international monetary system and the USD, and the rising importance of the RMB.
Author: Age Bakker
Publisher: International Monetary Fund
ISBN: 1589061179
Category : Business & Economics
Languages : en
Pages : 72
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Book Description
After the industrial countries established current account convertibility in the late1950s, they began to phase out their capital controls. Their efforts were slow and tentative at first, but built up considerable momentum by the 1980s as market-oriented economic policies gained popularity. This paper describes how national policymakers’ views of capital controls shifted over time, and how these controls have been closely related to regulation in other policy areas, such as banking and financial markets. As developing countries seek to liberalize their capital accounts to obtain the benefits of increased integration with the global economy, what lessons can be drawn from industrial countries’ diverse experiences with capital controls, and how can a country’s liberalization measures be sequenced to minimize disturbances to its exchange rate and monetary policies?
Author: Mr.Omotunde E. G. Johnson
Publisher: International Monetary Fund
ISBN: 9781589060128
Category : Business & Economics
Languages : en
Pages : 576
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Book Description
This book covers financial sector stability issues in the following areas: risk management and governance in financial institutions; financial crises and contagion; domestic monetary and financial policies; and international cooperation. The papers were presented at the IMF’s eighth Central Banking Seminar by authors from academia, investment banks, government, and international institutions. The papers discuss such subjects as bank soundness, systemic bank restructuring, and the safety and efficiency of systemically important payment systems and their interaction with the macroeconomic environment.
Author: Mr.Robert M. Heath
Publisher: International Monetary Fund
ISBN: 1475518552
Category : Business & Economics
Languages : en
Pages : 31
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Book Description
The liberalization of capital flows both in the domestic economy and cross-border has been among the most important policies adopted by IMF member countries over recent decades. The impact has been wide-ranging. This paper looks at the impact on the field of economic and financial statistics in the past two decades, as statisticians have responded to the changing policy needs. The paper considers the historical context of changes that have occurred, draws out the key trends, and asks where these trends might lead statisticians in the foreseeable future. The paper considers that there has been nothing short of a revolution in the field of economic and financial statistics over the past two decades led by a need for greater transparency; greater standardization; new data sets to support understanding of financial interconnections and financial sector risks; and the strengthening of the governance of the statistical function through greater independence of statistical agencies.
Author: Gerard Caprio
Publisher: World Bank Publications
ISBN:
Category : Bank
Languages : en
Pages : 46
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Book Description
"Hard on the heels of Mexico's crisis in 1994, a wave of financial crises swept across emerging economies-- from East Asia and Russia to Brazil-- bringing the fragility of banking and finance into unprecedented focus. What has gone wrong?--Cover.
Author: Tahsin Saadi Sedik
Publisher: International Monetary Fund
ISBN: 1589068033
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is associated with higher growth, gross capital flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of explanatory variables to the corresponding variables of China in 2012–16.
Author: Ms.Inci Ötker
Publisher: International Monetary Fund
ISBN: 1557758743
Category : Business & Economics
Languages : en
Pages : 135
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Book Description
This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.
Author: Age Bakker
Publisher: Edward Elgar Publishing
ISBN: 9781781957486
Category : Business & Economics
Languages : en
Pages : 282
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Book Description
'This collection provides an excellent account of the diverging ways countries in varying parts of the world went about liberalizing capital flows. Case studies of transition countries are set against the background of more general studies analysing the Asian and Latin American experience, as well as the earlier liberalization processes in economically advanced countries. The reader gets a lively picture of the many pitfalls that beset the road to full capital liberalization and will realise that there is no single best way to liberalize. The authors strike one as unprejudiced and far from dogmatic, out to learn from experience rather than trying to impose some particular point of view.' - Hans Visser, Vrije Universiteit, Amsterdam, The Netherlands This significant new book provides a succinct overview of the essential policy issues surrounding capital liberalization. The book compares the experiences of transition economies in Europe with those of advanced nations, allowing the reader to examine the changing international economic and financial environment within which transition countries have to liberalize.
Author: Claudia Echeverria
Publisher: International Monetary Fund
ISBN: 1451857454
Category : Business & Economics
Languages : en
Pages : 116
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Book Description
This paper examines issues in sequencing and pacing capital account liberalization and draws lessons from experience in four countries (Chile, Indonesia, Korea, and Thailand). The paper focuses on the interrelationship between capital account liberalization, domestic financial sector reforms, and the design of monetary and exchange rate policy. It concludes that capital account liberalization should be approached as an integrated part of comprehensive reform strategies and should be paced with the implementation of appropriate macroeconomic and exchange rate policies.
