Description:The recent Asian crisis has motivated a renewed interest on means to cope with volatile international capital markets, particularly short-term external borrowing. It is in this context that capital controls imposed on short-term inflows by Chile since the early 1990s have received considerable attention from some observers and policymakers. Would capital controls as practiced by Chile be a useful policy instrument to ensure a smooth liberalization of the capital account? In particular, would they be effective in discouraging international flows perceived as short-term and volatile while maintaining a liberal environment for foreign direct investment? Would they be effective in helping reduce maturity mismatch on external debt at the corporate level? What are the lessons from Chile's experience for policymakers considering a liberalization of the capital account, or confronted with volatile capital inflows? In the case of emerging and developing economies can such measures be a proxy for prudential regulation when limited capacity of the authorities in this regard may result in financial markets more prone to crisis?We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Managing Capital Flows-Lessons from the Experience of Chile. To get started finding Managing Capital Flows-Lessons from the Experience of Chile, you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.
Pages
108
Format
PDF, EPUB & Kindle Edition
Publisher
Not Avail
Release
1998
ISBN
6613800406
Managing Capital Flows-Lessons from the Experience of Chile
Description: The recent Asian crisis has motivated a renewed interest on means to cope with volatile international capital markets, particularly short-term external borrowing. It is in this context that capital controls imposed on short-term inflows by Chile since the early 1990s have received considerable attention from some observers and policymakers. Would capital controls as practiced by Chile be a useful policy instrument to ensure a smooth liberalization of the capital account? In particular, would they be effective in discouraging international flows perceived as short-term and volatile while maintaining a liberal environment for foreign direct investment? Would they be effective in helping reduce maturity mismatch on external debt at the corporate level? What are the lessons from Chile's experience for policymakers considering a liberalization of the capital account, or confronted with volatile capital inflows? In the case of emerging and developing economies can such measures be a proxy for prudential regulation when limited capacity of the authorities in this regard may result in financial markets more prone to crisis?We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Managing Capital Flows-Lessons from the Experience of Chile. To get started finding Managing Capital Flows-Lessons from the Experience of Chile, you are right to find our website which has a comprehensive collection of manuals listed. Our library is the biggest of these that have literally hundreds of thousands of different products represented.