Capital Controls In Emerging Economies

by Christine P Ries,Richard J Swe, Richard J Sweeney

Overview

This book looks at situations where a dramatic transformation of the political environment made existing institutions obsolete. It explores the use of capital controls in the reforming economies of the formerly communist countries.

Product Details

ISBN-13:	9780367314798
Publisher:	Taylor & Francis
Publication date:	08/28/2019
Pages:	180
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

Christine P. Ries is professor of economics and chair of the School of Economics, Ivan Allen College, Georgia Institute of Technology. Richard J. Sweeney is Sullivan ean Professor of International Finance at Georgetown School of Business, Georgetown University.

Table of Contents

Introduction and Overview, 1 Orthodoxy Is Right: Liberalize the Capital Account Last, 2 Reality and the Logic of Capital Flow Liberalization, 3 Preconditions for Liberalization of Capital Flows: A Review and Interpretation, 4 The Information Costs of Capital Controls, 5 Currency Convertibility, Policy Credibility and Capital Flight in Poland and the Czech and Slovak Federal Republic, 6 Capital Controls and Corporate Investment Behaviour, 7 Capital Account Liberalization and Policy Incentives: An Endogenous Policy View, 8 A Payments Mechanism for the Independent States of the Former Soviet Union

Editorial Reviews

Ries (economics, Georgia Institute of Technology) and Sweeney (international finance, Georgetown U.) head a team of ten specialists in critically assessing the challenges involved as an increasing number of nations usher in market-based economies. Their essays regard capital controls as pivotal, not simply as a technical tool for fine- tuning economic policy, but of central relevance in determining patterns of international ownership and national private investment<-- >with implications for government restructuring, as well as viewing poverty in the US. Approaches undertaken in the former Soviet Union and eastern-central Europe are detailed. No index. Annotation c. by Book News, Inc., Portland, Or.

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