Author: Kang-guk YiPublisher:
ISBN:
Category : Capital market
Languages : en
Pages : 220
Book Description
Three Essays on Capital Account Liberalization and Economic Growth
Author: Kang-guk YiPublisher:
ISBN:
Category : Capital market
Languages : en
Pages : 220
Book Description
Three Essays on Capital Flows, Financial Development, and Economic Growth in Less Developed Countries
Author: Heinz P. RudolphPublisher:
ISBN:
Category : Capital movements
Languages : en
Pages : 216
Book Description
Three Essays on Economic Growth and Financial Liberalization
Author: Youngsoo KimThree Essays On Financial Liberalization And Economic Growth
Author: Three Essays on Financial Liberalization, Country Risk and Low Growth Traps in Argentina, Mexico and Turkey
Author: Firat DemirPublisher:
ISBN:
Category : Argentina
Languages : en
Pages : 292
Book Description
Three Essays on Capital Markets and Economic Growth
Author: Eric OforiThree Essays on Economic Growth, International Capital Flows and Country Risk
Author: Hulya ArikCapital Account Liberalization and Economic Performance
Author: Hali J. EdisonPublisher:
ISBN:
Category : Capital market
Languages : en
Pages : 72
Book Description
This paper reviews the literature on the effects of capital account liberalization and stock market liberalization on economic growth. The various empirical measures used to gauge the presence of controls on capital account transactions as well as indicators of stock market liberalization are discussed. We compare detailed measures of capital account controls that attempt to capture the intensity of enforcement with others that simply capture whether or not controls are present. Our review of the literature shows the contrasting results that have been obtained. These differences may reflect differences in country coverage, sample periods and indicators of liberalization. In order to reconcile these differences, we present new estimates of the effects on growth of capital account liberalization and stock market liberalization. We find some support for a positive effect of capital account liberalization on growth, especially for developing countries.
Capital Account Liberalization
Author: Peter Blair HenryPublisher:
ISBN: 9780979037634
Category : Capital
Languages : en
Pages : 82
Book Description
"Writings on the macroeconomic impact of capital account liberalization find few, if any, robust effects of liberalization on real variables. In contrast to the prevailing wisdom, I argue that the textbook theory of liberalization holds up quite well to a critical reading of this literature. The lion's share of papers that find no effect of liberalization on real variables tell us nothing about the empirical validity of the theory, because they do not really test it. This paper explains why it is that most studies do not really address the theory they set out to test. It also discusses what is necessary to test the theory and examines papers that have done so. Studies that actually test the theory show that liberalization has significant effects on the cost of capital, investment, and economic growth"--National Bureau of Economic Research web site.
Should the IMF Pursue Capital-account Convertibility?
Author: Stanley FischerPublisher: Princeton University International Finance Section, Department of Econmics
ISBN:
Category : Capital movements
Languages : en
Pages : 90
Book Description