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Interaction effect of capital controls and macroeconomic policies

Zehri, Chokri - In: Economic papers 41 (2022) 1, pp. 15-33

Persistent link: https://www.econbiz.de/10013190760

Business cycle volatility and globalization : a survey

Buch, Claudia M. - 2002

, one potentially adverse effect of globalization is the possibility that business cycle volatility might increase. Rapid … to unstable international capital flows. At the same time, business cycle volatility in OECD countries seems to have been …

Persistent link: https://www.econbiz.de/10011474806

Effectiveness of Capital Controls : Gates Versus Walls

Zhou, Yang; Kitano, Shigeto - 2023

This study analyzes the effectiveness of capital controls on international debt flows using data of 81 economies, including both advanced and emerging economies, over the period from 1995 to 2019. The analysis using the total sample shows that, although they are in the expected directions, the...

Persistent link: https://www.econbiz.de/10014256467

Rethinking the economics of capital mobility and 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/10003861621

A possible explanation of the 'exchange rate disconnect puzzle' : a common solution to three major macroeconomic puzzles?

Horioka, Charles; Ford, Nicholas - 2016

Meese and Rogoff (1983) and subsequent studies find that economic fundamentals are apparently not able to explain exchange rate movements, but we argue that this so-called "Exchange Rate Disconnect Puzzle" arose because researchers such as Meese and Rogoff (1983) did not use the right...

Persistent link: https://www.econbiz.de/10011502367

The correlations of the equity markets in Asia and the impact of capital flow management measures

Pornpinun Chantapacdepong - 2017

This paper examines the international transmission of volatility in the stock markets of countries in emerging Asian …. Over two decades the degree of volatility interdependence of equity markets among Asian economies has been increasing … management (CFM) measures is associated with a reduction in the volatility dependence within the region. …

Persistent link: https://www.econbiz.de/10011686493

Restrictive policy to curb capital flows volatility

Zehri, Chokri - In: Journal of international commerce, economics and policy 12 (2021) 2, pp. 1-30

Persistent link: https://www.econbiz.de/10012650961

Capital flow management measures : what are they good for?

Forbes, Kristin; Fratzscher, Marcel; Straub, Roland - 2015

Persistent link: https://www.econbiz.de/10010485602

Leaning against the global financial cycle

Ferrero, Andrea; Habib, Maurizio Michael; Stracca, Livio; … - 2022

We study the role and the interaction of the quality of institutions and of counter-cyclical policies in leaning against the Global Financial Cycle (GFC) in Emerging Economies (EMEs). We show that heteroegeneity in institutional strength is a key determinant of the different effects of the GFC...

Persistent link: https://www.econbiz.de/10013488632

Dampen macroeconomic volatility : a useful role of capital controls on international trade

Zehri, Chokri - In: Journal of applied economics 25 (2022) 1, pp. 907-935

estimation techniques and using different capital control indexes, our results show that a capital control policy supports …

Persistent link: https://www.econbiz.de/10014247281