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World financial liberalization and its effects on capital flows

Santana, José Ricardo; Garcia, Fernando - Econometric Society - 2004

) from other flows and emphasizing the role of financial liberalization and. Two reasons brought about this examination. The … developing ones. The second is a greater liberalization process in these economies. This article builds financial liberalization … indicators based on political rules. The capital account liberalization is introduced as an explanatory variable in the model …

Persistent link: https://www.econbiz.de/10005699642

New evidence of the impact of capital account liberalization on economic growth

Santana, José Ricardo; Garcia, Fernando - Econometric Society - 2004

This article analyzes the effects of financial liberalization on economic growth, focusing mainly the empirical aspects … has capital account liberalization had on economic growth? Has liberalization affected equally both developed and … previous results found in the literature, showing that liberalization has a positive and uniform effect on growth: evidence …

Persistent link: https://www.econbiz.de/10005170254

The Chilean-Style of Capital Controls: an Empirical Assessment

Tapia, Heriberto; Ffrench-Davis, Ricardo - Econometric Society - 2004

In this paper we review the main features of the Chilean-Style of capital controls during the nineties. In particular, we analyze empirically the effectiveness of the unremunerated reserve requirement (URR) in three key areas: its capacity to open space for monetary policy, its influence on the...

Persistent link: https://www.econbiz.de/10005063567

The Impact of Exchange Rate Regimes on Real Exchange Rates: ABC and Mexico in the 1990s

Mulder, Nanno; Baldi, Anne-Laure - Econometric Society - 2004

This paper analyses the impact of exchange rate regimes on real exchange rates, as defined by the relative price of nontradables to tradables in Argentina, Brazil, Chile (ABC) and Mexico from 1990 to 2002. As identified by the empirical literature, the real exchange rate is determined in the...

Persistent link: https://www.econbiz.de/10005129777

An Empirical Test of Industrial Targeting:

Lee, Jaymin - Econometric Society - 2004

This paper first show that South Korea's industrial targeting in the name of heavy and chemical industry drive in the 1970s managed to produce industries with international competitiveness over time. It then performs ex post cost-benefit analysis to show that industrial targeting in Korea has...

Persistent link: https://www.econbiz.de/10005342291

Does Child Labour Affect School Attendance and School Performance?Multi Country Evidence on SIMPOC data

Lancaster, Geoffrey; Ray, Ranjan - Econometric Society - 2004

This paper provides evidence on the the impact of child labor on child schooling.The limited evidence that does exist on this issue makes little or no attempt to control for the endogeneity of child labour hours in the estimation.Such endogeneity can arise because of the reverse causation of...

Persistent link: https://www.econbiz.de/10005702524

Capital Control, Speculation and Exchange Rate Volatility

Chu, Mei-Lie - Econometric Society - 2004

This paper studies a plausible connection among rational speculators, exchange rate volatility and capital controls. When Krugman (1999) asserted that there should be appropriate controls on international capital movements to avoid currency volatilities from speculative activities, this paper...

Persistent link: https://www.econbiz.de/10005342306

Exchange Rate Based Stabilization with Sudden Restrictions on Capital Flows

Subramanian, Chetan; Park, Jungsoo - Econometric Society - 2004

This study examines the dynamics associated with an economy implementing an Exchange Rate Based Stabilization (ERBS) programs when they are subject to sudden restrictions in international capital flows. In the context of a simple theoretical model, we describe the pressures on a country's...

Persistent link: https://www.econbiz.de/10005342385

Are there restrictions to consumption smoothing in Latin American countries? Differences between OLS and GLS estimation

Teixeira, Humberto Carlos Faria; Issler, Joao Victor - Econometric Society - 2004

We study empirically how close consumption-smoothing models employing present-value relationships fit data for Latin-American countries, either in an open-economy or closed-economy environment. Bivariate VARS are estimated using either individual-system or a joint-system techniques (OLS or GLS -...

Persistent link: https://www.econbiz.de/10005129765

Sterilization of Capital Inflows and Balance of Payments Crises

Buscaglia, Marcos - Econometric Society - 2004

Large capital inflows and repeated balance of payments crises (BOPC) associated with their sudden reversal have characterized the emerging market economies during the 90's. Sterilized intervention has been the most common response to capital inflows. This paper links the sterilization efforts...

Persistent link: https://www.econbiz.de/10005129784