Holding International Reserves In An Era Of High Capital Mobility
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Holding International Reserves In An Era Of High Capital Mobility
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Author : Robert P. Flood
language : en
Publisher: International Monetary Fund
Release Date : 2002-04
Holding International Reserves In An Era Of High Capital Mobility written by Robert P. Flood and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-04 with Business & Economics categories.
Why do countries hold so much international reserves? Global reserve holdings (excluding gold) were equivalent to 17 weeks of imports at the end of 1999. That is almost double what they were at the end of 1960 and about 20 percent higher than they were at the start of the 1990s. In this paper we study countries’ reserve holdings in light of both the increased financial volatility experienced in the last decade and diminished adherence to fixed exchange rates. We find that buffer-stock reserve models work about as well in the modern floating-rate period as they did during the Bretton Woods regime. During both periods, however, the models’ fundamentals explain only a small portion (10-15 percent) of reserves volatility.
Holding International Reserves In An Era Of High Capital Mobility
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Author : Robert P. Flood
language : en
Publisher:
Release Date : 2006
Holding International Reserves In An Era Of High Capital Mobility written by Robert P. Flood and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Why do countries hold so much international reserves? Global reserve holdings (excluding gold) were equivalent to 17 weeks of imports at the end of 1999. That is almost double what they were at the end of 1960 and about 20 percent higher than they were at the start of the 1990s. In this paper we study countries' reserve holdings in light of both the increased financial volatility experienced in the last decade and diminished adherence to fixed exchange rates. We find that buffer-stock reserve models work about as well in the modern floating-rate period as they did during the Bretton Woods regime. During both periods, however, the models' fundamentals explain only a small portion (10-15 percent) of reserves volatility.
The Management Of Foreign Exchange Reserves
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Author : Scott Roger
language : en
Publisher:
Release Date : 1993
The Management Of Foreign Exchange Reserves written by Scott Roger and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Foreign exchange categories.
The Demand For International Reserves
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Author : M. June Flanders
language : en
Publisher:
Release Date : 1971
The Demand For International Reserves written by M. June Flanders and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Developing countries categories.
Capital Flows Financial Integration And International Reserve Holdings
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Author : Sunil Sharma
language : en
Publisher: International Monetary Fund
Release Date : 2007-07
Capital Flows Financial Integration And International Reserve Holdings written by Sunil Sharma and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-07 with Business & Economics categories.
This paper examines the interaction between capital flows and international reserve holdings in the context of increasing financial integration. For emerging markets the sensitivity of reserves to net capital flows was negative in the 1980s, but became positive after the Asian crisis when these countries used net capital flows to build up reserves. For advanced countries, net capital flows had a negative effect on reserves, especially in recent years. Using measures of financial globalization, we also provide evidence that the sensitivity of reserves to net capital flows increased with globalization for emerging markets while it decreased for advanced countries.
Capital Controls And Capital Flows In Emerging Economies
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Author : Sebastian Edwards
language : en
Publisher: University of Chicago Press
Release Date : 2009-02-15
Capital Controls And Capital Flows In Emerging Economies written by Sebastian Edwards and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-15 with Business & Economics categories.
Some scholars argue that the free movement of capital across borders enhances welfare; others claim it represents a clear peril, especially for emerging nations. In Capital Controls and Capital Flows in Emerging Economies, an esteemed group of contributors examines both the advantages and the pitfalls of restricting capital mobility in these emerging nations. In the aftermath of the East Asian currency crises of 1997, the authors consider mechanisms that eight countries have used to control capital inflows and evaluate their effectiveness in altering the maturity of the resulting external debt and reducing macroeconomic vulnerability. This volume is essential reading for all those interested in emerging nations and the costs and benefits of restricting international capital flows.
Handbook Of Asian Finance
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Author : David LEE Kuo Chuen
language : en
Publisher: Academic Press
Release Date : 2014-05-12
Handbook Of Asian Finance written by David LEE Kuo Chuen and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-05-12 with Business & Economics categories.
Asia's miraculous recovery from the 1997 crisis ushered in unexpected transformations to its economies and financial sectors. The reasons many Asian countries are growing above 6%, with double-digit growth for a year or two in-between, are investigated by this extensive research collection. The Handbook of Asian Finance covers the most interesting issues raised by these growth rates. From real estate prices and the effects of trading technologies for practitioners to tax evasion, market manipulation, and corporate governance issues, expert scholars analyze the ways that the region is performing. Offering broader and deeper coverage than other handbooks, the Handbook of Asian Finance explains what is going on in Asia today. Devotes significant attention to the systematic risk created by banks’ exposure to links between real estate and other sectors Explores the implications implicit in the expansion of sovereign funds and the growth of the hedge fund and real estate fund management industries Investigates the innovations in technology that have ushered in faster capital flow and larger trading volumes
The Princeton Encyclopedia Of The World Economy Two Volume Set
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Author : Kenneth A. Reinert
language : en
Publisher: Princeton University Press
Release Date : 2010-08-02
The Princeton Encyclopedia Of The World Economy Two Volume Set written by Kenneth A. Reinert and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08-02 with Political Science categories.
An essential reference to all facets of the world economy Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements to offshore outsourcing to foreign aid, this two-volume encyclopedia explains the key elements of the world economy and provides a first step to further research for students and scholars in public policy, international studies, business, and the broader social sciences, as well as for economic policy professionals. Written by an international team of contributors, this comprehensive reference includes more than 300 up-to-date entries covering a wide range of topics in international trade, finance, production, and economic development. These topics include concepts and principles, models and theory, institutions and agreements, policies and instruments, analysis and tools, and sectors and special issues. Each entry includes cross-references and a list of sources for further reading and research. Complete with an index and a table of contents that groups entries by topic, The Princeton Encyclopedia of the World Economy is an essential resource for anyone who needs to better understand the global economy. More than 300 alphabetically arranged articles on topics in international trade, finance, production, and economic development International team of contributors Annotated list of further reading with each article Topical list of entries Full index and cross-references Entry categories and sample topics: Concepts and principles: globalization, anti-globalization, fair trade, foreign direct investment, international migration, economic development, multinational enterprises Models and theory: Heckscher-Ohlin model, internalization theory, New Trade Theory, North-South trade, Triffin dilemma Institutions and agreements: European Union, International Monetary Fund, World Trade Organization, World Bank, Doha Round, international investment agreements Policies and instruments: dollar standard, international aid, sanctions, tariffs Analysis and tools: exchange rate forecasting, effective protection, monetary policy rules Sectors and special issues: child labor, corporate governance, the digital divide, health and globalization, illegal drugs trade, petroleum, steel
Brookings Trade Forum 2001
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Author : Susan M. Collins
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Brookings Trade Forum 2001 written by Susan M. Collins and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Political Science categories.
This annual series provides comprehensive analysis on current and emerging issues of international trade and macroeconomics. Practitioners and academics contribute to each volume, with papers that provide an in-depth look at a particular topic. The fourth edition focuses on the issues and implications of globalization. Contents include: "Holding International Reserves in an Era of High Capital Mobility" Robert P. Flood (International Monetary Fund) and Nancy Marion (Dartmouth College) "The Impossible Duo? Globalization and Monetary Independence in Emerging Markets" Andrés Velasco (Harvard University) "The Adoption of International Labor Standards Conventions: Who, When, and Why?" Nancy H. Chau and Ravi Kanbur (Cornell University) "The Determinants of Individual Trade Policy Preferences: International Survey Evidence" Kevin O'Rourke and Richard Sinnott (Trinity College, Dublin) "Borders, Trade, and Welfare" James E. Anderson (Boston College) and Eric van Wincoop (Federal Reserve Bank of New York) Expansion Strategies of U.S. Multinational Firms Gordon Hanson (University of Michigan), Raymond J. Mataloni Jr. (BEA), and Matthew J. Slaughter (Dartmouth College) 2002, 6 x 9, 300 pp. paper, 0-8157-1575-7, $24.95 / £18.50 (ISSN 1520-5479)
Imf Staff Papers Volume 56 No 3
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Author : International Monetary Fund. Research Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2009-07-31
Imf Staff Papers Volume 56 No 3 written by International Monetary Fund. Research Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-07-31 with Business & Economics categories.
Studies of the impact of trade openness on growth are based either on crosscountry analysis—which lacks transparency—or case studies—which lack statistical rigor. This paper applies a transparent econometric method drawn from the treatment evaluation literature (matching estimators) to make the comparison between treated (that is, open) and control (that is, closed) countries explicit while remaining within a statistical framework. Matching estimators highlight that common cross-country evidence is based on rather far-fetched country comparisons, which stem from the lack of common support of treated and control countries in the covariate space. The paper therefore advocates paying more attention to appropriate sample restriction in crosscountry macro research.