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The international regulatory regime on capital flows
Lupo Pasini, Federico - 2011
Capital controls and exchange restrictions are used to restrict international capital flows during economic crises. This paper looks at the legal implications of these restrictions and explores the current international regulatory framework applicable to international capital movements and...
Persistent link: https://www.econbiz.de/10010397244
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Rethinking the Economics of Capital Mobilityand Capital Controls
Palley, Thomas I. - 2009
This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity. That framing distorts discussion by representing capital mobility as having equal significance with sovereign monetary...
Persistent link: https://www.econbiz.de/10010460473
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Capital liberalization and the US external imbalance
Prades, Elvira; Rabitsch, Katrin - 2009
the presence of borrowing and lending constraints on that bond. In a US versus the rest of the world (RoW) scenario, we … consumption risk relative to the rest of the world, and therefore decreases its motives for precautionary asset holdings relative … to the rest of the world. As a result of these asymmetric shifts in countries' barriers to capital mobility, the US runs …
Persistent link: https://www.econbiz.de/10010322494
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Current account adjustment and financial integration
Towbin, Pascal - 2008
The paper investigates whether higher financial integration leads in general to slower current account adjustments. The study estimates theoretically founded trade balance reaction functions for a panel of seventy countries from 1970-2004. The empirical analysis finds that adjustment in...
Persistent link: https://www.econbiz.de/10010316759
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International monetary reform: A critical appraisal of some proposals
Park, Yung Chul; Wyplosz, Charles - 2012
This paper reviews some of the current debates on the reform of the international monetary system. Despite its deficiencies, the United States (US) dollar will remain the dominant currency and Special Drawing Rights (SDR) cannot serve as either an international medium of exchange or a reserve...
Persistent link: https://www.econbiz.de/10010397211
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What international monetary system for a fast-changing world economy
Bénassy-Quéré, Agnès; Pisani-Ferry, Jean - 2011
long-term evolution of the balance of economic weight in the world economy. Such an evolution may mitigate some flaws of …
Persistent link: https://www.econbiz.de/10010317294
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Ruling capital: Emerging markets and the reregulation of cross-border finance
Gallagher, Kevin - 2014
This book demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flows in the wake of the global financial crisis, despite the political and economic difficulty of doing so at the national level. It also shows that some EMDs,...
Persistent link: https://www.econbiz.de/10011903331
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Controlling capital? Legal restrictions and the asset composition of international financial flows
Binici, Mahir; Hutchison, Michael; Schindler, Martin - 2009
Legal restrictions on international capital movements are imposed in many countries in an attempt to (partially) insulate their economies from abroad and pursue some degree of domestic policy independence. But is the imposition of capital controls effective in achieving these goals? We...
Persistent link: https://www.econbiz.de/10010287761
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Countries of a Feather flock together
van Marrewijk, Charles; Garita, Gus - 2008
Bergstrand and Egger (2007) on Rest of World GDP. …
Persistent link: https://www.econbiz.de/10010325980
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Financial globalization in emerging countries: Diversification vs. offshoring
Ceballos, Francisco; Didier, Tatiana; Schmukler, Sergio L. - 2012
Financial globalization has gathered attention since the early 1990s because of its macro-financial and crisis implications and its perceived large expansion. But financial globalization has taken different forms over time. This paper examines two important concurrent dimensions of financial...
Persistent link: https://www.econbiz.de/10010397209