Capital Account Liberalization

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Capital Account Liberalization by Christoph Yew, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Christoph Yew ISBN: 9783640233489
Publisher: GRIN Publishing Publication: December 16, 2008
Imprint: GRIN Publishing Language: English
Author: Christoph Yew
ISBN: 9783640233489
Publisher: GRIN Publishing
Publication: December 16, 2008
Imprint: GRIN Publishing
Language: English

Diploma Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 2.0, University of Osnabrück (Fachbereich Außenwirtschaft), 90 entries in the bibliography, language: English, abstract: During the recent decades, many countries decided to get access to international financial markets by liberalizing their capital accounts. As we will see in this paper, the issues of liberalization are very complex. Many different areas like, for example, growth, inflation or the labor market are affected by it. For some areas, empirical research supports theory and delivers sustainable and significant results. For others, theory is inconsistent or not supported by evidence from the real world. Some special ones, like for instance welfare or productivity, even show that it is important to split up the results to see whose welfare is increased or which's branch productivity is affected. Another interesting point is the connection between crises and capital account liberalization. Due to the financial crises that occurred in the aftermath of liberalization the concept has been controversially debated by academics for a long time. The real connection between these two issues is not yet clear. The structure of this paper is as follows. Section 2 will give short case studies of countries that liberalized their capital account. Section 3 is meant to endow the reader with some basic tools that will be important for the understanding of the concepts that will be presented later on in this paper. This includes definitions and conceptual ideas about measuring capital account liberalization. Section 4 focuses on the theory and empirical findings. In that section, the effects of liberalization on various macroeconomic variables will be presented. Section 5 follows the thoughts of the prior one by having a look at the implications that can be concluded from the theoretical and empirical findings that have been presented in the prior chapter. Section 6 discusses capital account liberalization with respect to the role the IMF played concerning its promotion. This section will also discuss the development of the Fund's stance towards liberalization. Section 7 will conclude.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Diploma Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 2.0, University of Osnabrück (Fachbereich Außenwirtschaft), 90 entries in the bibliography, language: English, abstract: During the recent decades, many countries decided to get access to international financial markets by liberalizing their capital accounts. As we will see in this paper, the issues of liberalization are very complex. Many different areas like, for example, growth, inflation or the labor market are affected by it. For some areas, empirical research supports theory and delivers sustainable and significant results. For others, theory is inconsistent or not supported by evidence from the real world. Some special ones, like for instance welfare or productivity, even show that it is important to split up the results to see whose welfare is increased or which's branch productivity is affected. Another interesting point is the connection between crises and capital account liberalization. Due to the financial crises that occurred in the aftermath of liberalization the concept has been controversially debated by academics for a long time. The real connection between these two issues is not yet clear. The structure of this paper is as follows. Section 2 will give short case studies of countries that liberalized their capital account. Section 3 is meant to endow the reader with some basic tools that will be important for the understanding of the concepts that will be presented later on in this paper. This includes definitions and conceptual ideas about measuring capital account liberalization. Section 4 focuses on the theory and empirical findings. In that section, the effects of liberalization on various macroeconomic variables will be presented. Section 5 follows the thoughts of the prior one by having a look at the implications that can be concluded from the theoretical and empirical findings that have been presented in the prior chapter. Section 6 discusses capital account liberalization with respect to the role the IMF played concerning its promotion. This section will also discuss the development of the Fund's stance towards liberalization. Section 7 will conclude.

More books from GRIN Publishing

Cover of the book Apraxie und Spiegelneurone by Christoph Yew
Cover of the book What are the main impediments to democracy in Africa by Christoph Yew
Cover of the book Monetary Policy and Exchange Rate Volatility in a Small Open Economy by Christoph Yew
Cover of the book Who can bring peace? The role of external actors in the Israeli-Palestinian peace-process by Christoph Yew
Cover of the book Perspectives and opportunities of the Obama government's security and counterterrorism policy - Chances and ways to more success by Christoph Yew
Cover of the book The Strata-Model in Poetics (Schichtenpoetik) by Christoph Yew
Cover of the book Diritto internazionale per filosofi by Christoph Yew
Cover of the book Microcredits and peer-to-peer lending as financing tools for start-ups in Germany by Christoph Yew
Cover of the book Die Funktionen eines Galeristen als Intermediär by Christoph Yew
Cover of the book Energy and environment in Africa - the twin challenge of climate change mitigation and sustainable development by Christoph Yew
Cover of the book Ben and Jerry's - Japan Strategic Analysis and the expansion to the Japanese market by Christoph Yew
Cover of the book Newton - el 'último gran mago del renacimiento' by Christoph Yew
Cover of the book The history of the ANC and the Tripartite Alliance by Christoph Yew
Cover of the book The Undermining of the American Dream through Illegal Immigration by Christoph Yew
Cover of the book International Human Resource Management by Christoph Yew
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy