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Capital Flow Waves : Surges, Stops, Flight, and Retrenchment
Forbes, Kristin J. - 2013
This paper analyzes waves in international capital flows. We develop a new methodology for identifying episodes of extreme capital flow movements using data that differentiates activity by foreigners and domestics. We identify episodes of "surges" and "stops" (sharp increases and decreases,...
Persistent link: https://www.econbiz.de/10013092492
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Capital Controls : An Evaluation
Reinhart, Carmen M. - 2010
The literature on capital controls has (at least) four very serious apples-to-oranges problems: (i) There is not unified theoretical framework to analyze the macroeconomic consequences of controls; (ii) there is significant heterogeneity across countries and time in the control measures...
Persistent link: https://www.econbiz.de/10012761767
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Capital Account Liberalization, the Cost of Capital, and Economic Growth
Henry, Peter Blair - 2009
Three things happen when emerging economies open their stock markets to foreign investors. First, the aggregate dividend yield falls by 240 basis points. Second, the growth rate of the capital stock increases by an average of 1.1 percentage points per year. Third, the growth rate of output per...
Persistent link: https://www.econbiz.de/10012767765
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Capital Control Measures : A New Dataset
Fernàndez, Andrés - 2015
other datasets based on the analysis of the IMF's Annual Report on Exchange Arrangements and Exchange Restrictions, this …
Persistent link: https://www.econbiz.de/10013027275
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Capital Account Liberalization and Growth : Was Mr. Mahathir Right?
Eichengreen, Barry; Leblang, David A. - 2021
Much ink has been spilled over the connections between capital account liberalization and growth. One reason that previous studies have been inconclusive, we show, is their failure to account for the impact of crises on growth and for the capacity of controls to limit those disruptive output...
Persistent link: https://www.econbiz.de/10013235265
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Macroprudential Policy in a World of High Capital Mobility : Policy Implications from an Academic Perspective
Engel, Charles M. - 2015
The paper explicates the issues raised for macroprudential regulation in a global economy with high capital mobility. The study surveys the recent literature and aims to translate the academic rationale for such policies, in which market imperfections lead to external effects that require policy...
Persistent link: https://www.econbiz.de/10013028063
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Domestic and Multilateral Effects of Capital Controls in Emerging Markets
Pasricha, Gurnain Kaur - 2015
Using a novel, high frequency dataset on capital control actions in 16 emerging market economies (EMEs) from 2001 to 2012, we provide new insights into the domestic and multilateral effects of capital controls. Increases in capital account openness reduce monetary policy autonomy and increase...
Persistent link: https://www.econbiz.de/10013030625
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Financial Crises and Reform of the International Financial System
Fischer, Stanley - 2021
international financial system with a focus on the role of the IMF - reforms directed at crisis prevention, and those intended to …
Persistent link: https://www.econbiz.de/10013226057
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Whither the World Bank and the IMF?
Krueger, Anne O. - 2021
On their fiftieth anniversary, the International Monetary Fund and the World Bank were" extensively reviewed, both to …
Persistent link: https://www.econbiz.de/10013233025
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The International Monetary Fund : 70 Years of Reinvention
Reinhart, Carmen - 2015
, as the needs of its clients and the type of crisis changed substantially over time. Some deceptively “new” IMF activities … are not entirely new. Before emerging market economies dominated IMF programs, advanced economies were its earliest (and … largest) clients through the 1970s. While currency problems were the dominant trigger of IMF involvement in the earlier …
Persistent link: https://www.econbiz.de/10013010281