Capital controls in emerging economies
Bibliographic Information
Capital controls in emerging economies
edited by Christine P. Ries and Richard J. Sweeney
(The political economy of global interdependence)
Westview Press, 1997
Available at / 12 libraries
Note
Includes bibliographical references
Description and Table of Contents
Description
In this challenging volume, distinguished economists evaluate capital control and capital account liberalization choices facing policymakers in emerging market economies. These issues are explored within the context of economic efficiency, economic structure, and political consequences. Critically assessing traditional positions on the timing and degree of liberalization of trade and capital flows, the contributors also consider newer arguments from the fields of public choice, financial economics, and industrial organizations. As a growing number of nations usher in market economies, policymakers must grapple with key decisions regarding capital controls and capital account liberalization. In this ambitious volume, distinguished economists evaluate these choices within the context of economic efficiency, economic structure, and political consequences in an increasingly global and competitive market environment. Critically assessing traditional positions on the timing and degree of liberalization of trade and capital flows, they also consider newer arguments from the fields of public choice, financial economics, and industrial organizations.
In addition, the contributors examine some of the specific approaches undertaken in various emerging market economies, including in east-central Europe and the former Soviet Union.
Table of Contents
- Introduction and Overview
- (Christine P. Ries.)
- Orthodoxy Is Right: Liberalize the Capital Account Last
- (John Williamson.)
- Reality and the Logic of Capital Flow Liberalization
- (Manuel Guitin.)
- Preconditions for Liberalization of Capital Flows: A Review and Interpretation
- (Clas Wihlborg and Kalman Dezseri.)
- The Information Costs of Capital Controls
- (Richard J. Sweeney.)
- Currency Convertibility, Policy Credibility, and Capital Flight in Poland and the Czech and Slovak Federal Republic
- (David G. Dickinson and Andrew W. Mullineux.)
- Capital Controls and Corporate Investment Behavior
- (C. P. Ries.)
- Capital Account Liberalization and Policy Incentives: An Endogenous Policy View
- (C. Wihlborg and Thomas D. Willett.)
- A Payments Mechanism for the Independent States of the Former Soviet Union
- (Michael Dooley.).
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