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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
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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
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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
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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
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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
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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
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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
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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
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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
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The nominal rand/dollar exchange rate : before and after 1995
Gossel, Sean J.; Biekpe, Nicholas - In: Studies in economics and finance 29 (2012) 2, pp. 105-117
Persistent link: https://www.econbiz.de/10009559812