Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 30 for “"Capital Controls"”.
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Capital Controls and Banking Crises in Emerging Markets
… research studying the relationship between capital controls and banking crises and the existing research has mixed results. We argue that the results may depend on the measurement of capital controls. Previous research used a broad index of capital controls, but this may lead to imprecise …
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Exchange Rates, Capital Controls and the Hegemon's Dilemma
… the interplay between exchange rate dynamics and capital flows in the international macroeconomy, and I consider the optimal policy response for economies that are large in goods and financial markets. I focus on features characterising the modern International Monetary System: the predictability …
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Contagion and convalescence: Capital liberalization, capital controls, and the East Asian financial crisis. Case study: Thailand and Malaysia
… highlighted the consequences of fast-tracked capital account liberalization in emerging market economies lacking the macroeconomic and regulatory infrastructures to manage such changes. The dichotomy between capital account liberalization and capital controls is illustrated in the divergent …
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Liberalisation of capital controls: A review of South African exchange controls and their impact on exchange rate stability
… led economies to reexamine the concept of capital controls. Theoretical and empirical literature has been divided regarding their effectiveness. This research paper assesses the impact of capital controls on exchange rate stability in South Africa (particularly exchange restrictions used to …
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The effects of the liberalisation of capital controls with respect to the inflow of foreign direct investment in the mining industry in South Africa
… direct investment through the liberalisation of capital controls. The question that has been raised is whether, in the wake of the recent global financial crisis and the corresponding response of economists that now more than ever the re-introduction of capital controls is necessary, the …
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Essays in Macroeconomics of Emerging Markets
… motivates households to reduce the supply of capital to the informal sector, hence decreasing the probability of detection. The dependence of the latter on government expenditure creates a non-linearity between tax rates and the size of the informal sector through a Laffer curve. The model …
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Three Essays on Financial and Trade Integration
… to the convergence in marginal products of capital, the third essay accesses the effect of international trade in physical capital on economic growth.;The first essay addresses the empirical question of whether international financial flows are responsive to capital account restrictions or …
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Essays in International Macroeconomics and Finance
… context, focusing on monetary policy, capital controls and exchange rates. Chapter 1, written in collaboration with Giancarlo Corsetti and Joao Duarte, reconsiders the effects of common monetary policy shocks across countries in the euro area, using a data-rich factor model and …
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Essays on Development Economics: Issues in Macroeconomics and Population
… that the government may impose economy-wide capital controls under which foreign currency transactions are costly. We contrast implications of constant beliefs regarding capital controls with those obtained under endogenous beliefs. With endogenous beliefs, agents expect a greater likelihood …
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The Scope for Monetary Autonomy in Hong Kong and Singapore
… that countries with fixed exchange rates and no capital controls will lose monetary autonomy. What is often not recognized, however, is that the trilemma need not hold in the short run. If capital mobility is less than perfect, then countries can sterilize reserve flows and maintain a degree of …
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A portfolio analysis based on the leverage effect of exchange rates on JSE stocks
… whether domestic investors, constrained by capital controls, can minimise the adverse effects of a volatile ZAR by constructing stock portfolios based on three classifications. Stocks are defined as either hedge, leverage or play, according to the currency denomination of revenues earned and …
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Testing Uncovered Interest Rate Parity in Asian Countries
… relevant to testing the degree of international capital mobility, the efficiency of the foreign exchange market, and the possibility of earning profits from the carry trade. Earlier research has found mixed results when testing Uncovered Interest Rate Parity (UIP) for emerging markets. This study …
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Foreign portfolio equity flows in selected Sub-Saharan Africa Countries: the underlying process, impact on stock market capitalisation, and policy options
The volatility of capital flows and their adverse impact on macroeconomic and financial variables is a major concern to policy makers, resulting in a debate on whether capital controls or financial (capital account) liberalisation is best suited to managing them. This study argues that a better …
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Essays in international economics
… of financial assets for monetary policy and capital controls. I study an open economy model with nominal rigidities, incomplete markets, and assets denominated in home and foreign currency. I develop an approximation method that allows me to characterize the optimal policy sharply. The …
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The Role of Private International Financial Capital Flows in Support of Development for Emerging Market Countries
… innovation and international financial capital flows are prominent factors influencing macroeconomic stability and the pace of growth and development around the globe. This dynamic has become even more pronounced since the Asian Financial Crisis at the end of the 1990s and the Global …
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Determinants of Bond Market Development in Emerging and Developing Economies
… research findings on LCBM in EMEs. Further, capital controls in general and specific controls on bonds have a negative impact on the development of LCBM. In addition, a continuous supply of government local currency bonds supports the development of private sector LCBM. However, government …
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Capital account liberalisation in developing countries implications for South Africa
… dissertation is to access the desirability of controls on capital movements in South Africa. In line with the general international tendencies towards liberalisation, in recent years there has been increased pressure to lift exchange controls. Despite these pressures, some economists believe …
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Financial liberalisation and the crisis in Thailand in 1997
… further economic growth and large volumes of capital began to flow into Thailand's financial market. Unfortunately, the story of Thailand's success was short lived and soon ended, after the financial liberalisation was completed. Finally, economic growth came to a sudden stop and the crisis …
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Communication links, Productivity, knowledge transfers, growth and income distribution
… privatization and gradual loosening of credit/capital controls by states. The lifting of state controls in the banking sector in the 1980s and 1990s, created a more integrated and competitive financial industry ensuring efficient allocation of bank credits to productive areas. The economic …
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Stock and foreign exchange markets in the Pacific Basin Rim
… financial links even for markets with extensive capital controls. It also finds linkages between their stock and foreign exchange markets and that foreign currency risk is a significant component of domestic stock returns. When examining for potential sources of these close financial links, the …
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