Narrow search
Showing 1 - 10 of 15,945
Cover Image
The political economy of external discipline : constraint versus incentive effects of capital mobility and exchange rate pegs
Willett, Thomas D. - 2001 - Preliminary Draft
This paper argues that while sources of potential discipline over domestic macro economic policies such as pegged …, as opposed to genuinely fixed exchange rates, are typically not an adequate substitute for domestic discipline enhancing … strategies as sources of discipline. Indeed, their effects can sometimes be perverse. For example, high capital mobility under …
Persistent link: https://www.econbiz.de/10011561843
Cover Image
The Political Economy of External Discipline: Constraint Versus Incentive Effects of Capital Mobility and Exchange Rate Pegs
Willett, Thomas D. - 2001
This paper argues that while sources of potential discipline over domestic macro economic policies such as pegged …, as opposed to genuinely fixed exchange rates, are typically not an adequate substitute for domestic discipline enhancing … strategies as sources of discipline. Indeed, their effects can sometimes be perverse. For example, high capital mobility under …
Persistent link: https://www.econbiz.de/10010334549
Cover Image
The Political Economy of External Discipline: Constraint Versus Incentive Effects of Capital Mobility and Exchange Rate Pegs
Willett, Thomas D. - Economics Department, Claremont McKenna College - 2001
This paper argues that while sources of potential discipline over domestic macro economic policies such as pegged …, as opposed to genuinely fixed exchange rates, are typically not an adequate substitute for domestic discipline enhancing … strategies as sources of discipline. Indeed, their effects can sometimes be perverse. For example, high capital mobility under …
Persistent link: https://www.econbiz.de/10005795938
Cover Image
Globalization of capital flows and the (in)disciplining of nations
Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun W. - 2022 - This version: January 2022
Persistent link: https://www.econbiz.de/10012796457
Cover Image
China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration
Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10011514149
Cover Image
Financial integration in autocracies : greasing the wheel or more to steal?
Dadašov, Ramin; Harms, Philipp; Lorz, Oliver - 2010
This paper analyzes the influence of financial integration on institutional quality. We construct a dynamic political-economic model of an autocracy in which a ruling elite uses its political power to expropriate the general population. Although financial integration reduces capital costs for...
Persistent link: https://www.econbiz.de/10011373497
Cover Image
China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration
Cheung, Yin-Wong; Chinn, Menzie; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10010322705
Cover Image
The Chinese Economies in Global Context: The Integration Process and Its Determinants
Cheung, Yin-Wong; Chinn, Menzie; Fujii, Eiji - 2003
The linkages between the People's Republic of China and the other Chinese economies of Hong Kong and Taiwan are assessed, and compared against those with Japan and the US. We first characterize the time series behavior of three criteria of integration, namely real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10010322710
Cover Image
China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration
Cheung, Yin-Wong; Chinn, Menzie D.; Fujii, Eiji - 2003
The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...
Persistent link: https://www.econbiz.de/10010315706
Cover Image
A double-edged sword : high interest rates in capital control regimes
Gudmundsson, Gudmundur S.; Gylfi Zoega - 2016
This paper describes the relationship between central bank interest rates and exchange rates under a capital control regime. Higher interest rates may strengthen the currency by inducing owners of local currency assets not to sell local currency off shore. There is also an effect that goes in...
Persistent link: https://www.econbiz.de/10011415751