Author: Sebastian EdwardsPublisher:
ISBN: 9780821304693
Category : Balance of payments
Languages : en
Pages : 101
Book Description
The Order of Liberalization of the Balance of Payments
Author: Sebastian EdwardsPublisher:
ISBN: 9780821304693
Category : Balance of payments
Languages : en
Pages : 101
Book Description
The Order of Liberalization of the Current and Capital Accounts of the Balance of Payments
Author: Sebastian EdwardsPublisher:
ISBN:
Category : Balance of payments
Languages : en
Pages : 108
Book Description
The opening up of an economy to the rest of the world has generally been considered an integral part of economic reform aimed at increasing the role of markets. Until recently, however, very little discussion was devoted to the order in which the capital and current account should be liberalized indeveloping countries. This paper deals with several aspects of the order of liberalization. The different arguments usually given to advocate a particular ordering are critically reviewed. Then a three-good two-factor model is used to analyze the effects of alternative ordering on production and income distribution. A two-period model of a small economy is also used to investigate the welfare effects of opening the capital account in the presence of distortions. While the discussion does not yield a theorem regarding the appropriate order of liberalization, there are strong presumptions that it is more prudent to liberalize the current account first.
The Order of Liberalization of the External Sector in Developing Countries
Author: Sebastian EdwardsPublisher:
ISBN:
Category : Social Science
Languages : en
Pages : 36
Book Description
The Order of Economic Liberalization
Author: Ronald I. McKinnonPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 224
Book Description
Order of Liberalization of the External Sector in Developing Countries
Author: Balance of Payments Compilation Guide
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 9781557754707
Category : Business & Economics
Languages : en
Pages : 398
Book Description
A companion document to the fifth edition of the Balance of Payments Manual, the Balance of Payments Compilation Guide shows how the conceptual framework described in the Manual may be implemented in practice. The primary purpose of the Guide is to provide practical guidance for using sources and methods to compile statistics on the balance of payments and the international investment position. the Guide is designed to assist balance of payments compilers and statisticians in understanding the relative strengths and weaknesses of various approaches. The material reflects the emergence of new data sources and adaptations in the application of statistical methodologies to changing circumstances. Discussed in the Guide are all of the tasks that a BOP compiler normally performs. Appendices contain a set of model BOP questionnaires and a set of model BOP publication tables. Relationships between the balance of payments statistics and relevant aspects of national accounts are covered as well.
Capital Controls and Trade Liberalization in a Monetary Economy
Author: B. JangPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 32
Book Description
For many years, the order and speed of economic liberalization have been discussed, for example, by Corden (1987), Frenkel (1982), Edwards (1984 and 1989b), and McKinnon (1973 and 1982). The liberalization policy consists of setting the sequence of trade and capital account liberalization. Interest in this issue was stimulated by the experiences of Argentina, Chile, and Uruguay in the 1970s where some liberalization of both kinds took place in various orders. In Argentina and Uruguay capital account liberalization came first and in Chile trade liberalization. 2 To understand the impact of various liberalization policies, it is important to address the question of the effects of capital controls during trade liberalization. 3.
Trade Liberalization and the Balance of Payments in Selected Developing Countries
Author: Amelia U. Santos-PaulinoPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
An analysis is made of the impact of the reduction of tariff and non-tariff barriers on the trade balance and the current account of the balance of payments of 22 developing countries from Africa, Latin America, East Asia and South Asia that have undertaken important trade reforms since the mid-1970s. The study applies dynamic panel data and time series/cross-section analysis. The main findings are that liberalization has worsened the balance of trade and the balance of payments, because imports have increased more rapidly than exports. The adverse effect on the trade balance has been nearly 2 per cent of GDP. The impact of liberalization and other variables varies according to the region and type of trade policy regime existing.
The Order of Liberalization of the External Sector in Developing Countries
Author: Sebastian EdwardsPublisher:
ISBN: 9780881650631
Category :
Languages : en
Pages : 28
Book Description
Author: Robert A. Blecker