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Excessive Volatility in Capital Flows : A Pigouvian Taxation Approach
Jeanne, Olivier; Korinek, Anton - 2010
reinforcing effects. In our model, capital controls reduce macroeconomic volatility and increase standard measures of consumer …
Persistent link: https://www.econbiz.de/10014045298
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Stopping "hot money" or signaling bad policy? : capital controls and the onset of currency crises
Glick, Reuven; Hutchison, Michael M. - 2000
Restrictions on international capital transactions and other payments are usually designed to limit volatile short-term capital flows ( hot money ) and stabilize the exchange rate. Their imposition, however, may have the opposite effect by inadvertently signaling the continuation of...
Persistent link: https://www.econbiz.de/10011536657
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A survey of the literature on managing capital inflows
Kawai, Masahiro (contributor); Takagi, Shinji (contributor) - 2008
How to manage capital inflows remains an important policy issue for many emerging market economies. This paper presents a brief survey of the literature on managing capital inflows, with a focus on developing and emerging market economies. The paper, after discussing the economic characteristics...
Persistent link: https://www.econbiz.de/10003719200
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Private Capital Flows, Capital Controls, and Default Risk
Wright, Mark L. J. - 2005
What has been the effect of the shift in emerging market capital flows toward private sector borrowers? Are emerging market capital flows more efficient? If not, can controls on capital flows improve welfare? This paper shows that the answers depend on the form of default risk. When private...
Persistent link: https://www.econbiz.de/10014065767
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Capital Flows, Institutions, and Financial Fragility
Promboon, Wipawin - 2013
This paper studies how international capital flows are transmitted from the banking sector to the real sector in a bank-based open economy. The analysis centers on the role of institutions and domestic policies in reducing moral hazard problems and on determining the net benefit of international...
Persistent link: https://www.econbiz.de/10013095039
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The effectiveness of capital controls : the case of Slovenia
Buch, Claudia M.; Hanschel, Elke - 1999
that the volatility of exchange rates has declined after the imposition of the URR while the volatility of capital flows …
Persistent link: https://www.econbiz.de/10011475657
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Managing the impact of volatility in international capital markets in an uncertain world
Kregel, Jan A. - 2009
are also the source of unsustainable external debt. Managing volatility thus requires institutions that promote domestic … institutions and rules of the game are not themselves a cause of volatility. This paper analyzes proposals to increase stability in …
Persistent link: https://www.econbiz.de/10003859812
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Capital flow waves : surges, stops, flight, and retrenchment
Forbes, Kristin; Warnock, Francis E. - 2011
volatility …
Persistent link: https://www.econbiz.de/10009579602
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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
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Do Contagion Effects Exist in Capital Flow Volatility?
Lee, Hyun-Hoon - 2012
The paper aims to assess what influences volatility of capital flows to emerging countries and whether or not there is … a spillover or contagion effect in the volatility. The empirical results suggest strong and significant contagion … effects from global and regional volatilities on the volatility of capital flows in different types to individual economies …
Persistent link: https://www.econbiz.de/10013098100