This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2012
... I do not find the model or the results particularly controversial. The model is very clean and the analysis very clear. But I think one can question somewhat the realism of the model. In the model, capital controls work perfectly. How well do the Chinese capital controls work in the real world? How ...
... I do not find the model or the results particularly controversial. The model is very clean and the analysis very clear. But I think one can question somewhat the realism of the model. In the model, capital controls work perfectly. How well do the Chinese capital controls work in the real world? How ...
Roger W. Garrison THE LIMITS OF MACROECONOMICS
... ahead but are instead adapting to change. And entrepreneurs’ adaptations are guided by their expectations about the new market couditions and about how other entrepreneurs are likely to adapt.5 ...
... ahead but are instead adapting to change. And entrepreneurs’ adaptations are guided by their expectations about the new market couditions and about how other entrepreneurs are likely to adapt.5 ...
Capital base Capital requirements Calculation
... The regulatory minimum capital requirement is the higher of the following: • EUR 125 000 (start-u p ) • The sum of the capital requirements for credit and market risks • 25 percent of the company’s fixed overheads for the preceding year. The requirement to maintain a capital conservation buffer of 2 ...
... The regulatory minimum capital requirement is the higher of the following: • EUR 125 000 (start-u p ) • The sum of the capital requirements for credit and market risks • 25 percent of the company’s fixed overheads for the preceding year. The requirement to maintain a capital conservation buffer of 2 ...
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2012
... Jeanne’s analysis focuses on China. This is natural because of widespread restrictions on capital accounts by the People’s Bank of China. ( Jeanne provides a battery of facts documenting capital account restrictions in China and the evolution of these policies until the global financial crises). A l ...
... Jeanne’s analysis focuses on China. This is natural because of widespread restrictions on capital accounts by the People’s Bank of China. ( Jeanne provides a battery of facts documenting capital account restrictions in China and the evolution of these policies until the global financial crises). A l ...
E.Q. How is capital Goods and human capital related to a country*s
... Georgia Performance Standard: SS7E7 The student will describe factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Iran. ...
... Georgia Performance Standard: SS7E7 The student will describe factors that influence economic growth and examine their presence or absence in Israel, Saudi Arabia, and Iran. ...
Comment - Lars E.O. Svensson
... fixed-income assets was higher on average (2000 to 2011) than that on US ones. An estimate of the flow welfare cost for 2010 and 2011 of the Chinese policy is about 1.1 percent of GDP. I do not find the model or the results particularly controversial. The model is very clean and the analysis very cl ...
... fixed-income assets was higher on average (2000 to 2011) than that on US ones. An estimate of the flow welfare cost for 2010 and 2011 of the Chinese policy is about 1.1 percent of GDP. I do not find the model or the results particularly controversial. The model is very clean and the analysis very cl ...
Fulltext: english,
... Western industrial nations.5 Basic to Keynesian doctrine is the use of government fiscal power to stimulate the economy when unemployment is high and restrain the economy when high employment and excessive demand begin to cause wage and price rises to reach an inflationary rate. In general, much of ...
... Western industrial nations.5 Basic to Keynesian doctrine is the use of government fiscal power to stimulate the economy when unemployment is high and restrain the economy when high employment and excessive demand begin to cause wage and price rises to reach an inflationary rate. In general, much of ...
impossible trinity
... foreign exchange crisis is already underway. It is generally believed that this use of controls has been ineffective. ...
... foreign exchange crisis is already underway. It is generally believed that this use of controls has been ineffective. ...
Slide 1
... How to reap benefits from capital flows and reduce related risk? Financial integration and economic globalization will continue Need to be very cautious about magnitude and structure of capital flows to domestic economy Volatility is highly unpredictable and beyond of our control Sound mac ...
... How to reap benefits from capital flows and reduce related risk? Financial integration and economic globalization will continue Need to be very cautious about magnitude and structure of capital flows to domestic economy Volatility is highly unpredictable and beyond of our control Sound mac ...
Politics of India
... • inadequate financial sector supervision • poor assessment and management of financial risk – growth of bad loans – state-directed lending ...
... • inadequate financial sector supervision • poor assessment and management of financial risk – growth of bad loans – state-directed lending ...
FRBSF E L CONOMIC ETTER
... (this was subsequently replaced by an exit tax on short-term investments), and capital outflows by residents were restricted. Restrictions focused on short-term maturities and did not apply to international trade or long-term foreign investment transactions. The exchange rate was then pegged, intere ...
... (this was subsequently replaced by an exit tax on short-term investments), and capital outflows by residents were restricted. Restrictions focused on short-term maturities and did not apply to international trade or long-term foreign investment transactions. The exchange rate was then pegged, intere ...
Trade Capacity Building in Sub-Saharan Africa: Impact and
... It subjects countries to the discipline of the international market Fear of capital flow reversal is often a stimulus to more responsible economic policies ...
... It subjects countries to the discipline of the international market Fear of capital flow reversal is often a stimulus to more responsible economic policies ...
Power and instability of the financial sphere Hersel ESU2008
... Forum 3 “Power and instability of the financial spere” ...
... Forum 3 “Power and instability of the financial spere” ...
From Top Down To Bottom Up Strategies/Challenges
... The process results in further Fragmentation On the Funding side >>Small band aid solutions or Large Foundation take up to 2 years + to do due diligence Cost of Capital Allocation 20-50% vs. 2-5% Irony for Donors – 50 cents on the Dollar ...
... The process results in further Fragmentation On the Funding side >>Small band aid solutions or Large Foundation take up to 2 years + to do due diligence Cost of Capital Allocation 20-50% vs. 2-5% Irony for Donors – 50 cents on the Dollar ...
document
... Stultz, R, (2006), Financial Globalization, Corporate Governance, and Eastern Europe, NBER Working Paper No. 11912 Martin and Rei (2006), Globalization and Emerging Markets: With or without crash?, American Economic Review, Vol. 96, No.5 Schmukler,S. and Zoido-Lobaton, P.,2001, Financial Globalizati ...
... Stultz, R, (2006), Financial Globalization, Corporate Governance, and Eastern Europe, NBER Working Paper No. 11912 Martin and Rei (2006), Globalization and Emerging Markets: With or without crash?, American Economic Review, Vol. 96, No.5 Schmukler,S. and Zoido-Lobaton, P.,2001, Financial Globalizati ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... own-to metamorphose these weaknesses into the financial and real meltdowns that Thailand, Indonesia, and South Korea have experienced. Figure 8C. 1. shows the close correlation between exposure to short-term debt and currency collapse in East Asia. Asian-style capitalism-with different ethnic spices ...
... own-to metamorphose these weaknesses into the financial and real meltdowns that Thailand, Indonesia, and South Korea have experienced. Figure 8C. 1. shows the close correlation between exposure to short-term debt and currency collapse in East Asia. Asian-style capitalism-with different ethnic spices ...
201002-AndrewCampelli.pps
... party and may not be published or distributed without the express written consent of Sageview Capital LP (“Sageview”). These materials do not constitute an offer or solicitation by Sageview for the purchase or sale of interests in Sageview Capital Partners (A), L.P., Sageview Capital Partners (B), L ...
... party and may not be published or distributed without the express written consent of Sageview Capital LP (“Sageview”). These materials do not constitute an offer or solicitation by Sageview for the purchase or sale of interests in Sageview Capital Partners (A), L.P., Sageview Capital Partners (B), L ...
Public-private partnerships (PPPs) are complex, long
... normally a corporation (or a group of corporations, private or public) called the operator or partner, and the other normally a government unit called the grantor. PPPs involve a significant capital expenditure to create or renovate fixed assets by the corporation, which then operates and manages th ...
... normally a corporation (or a group of corporations, private or public) called the operator or partner, and the other normally a government unit called the grantor. PPPs involve a significant capital expenditure to create or renovate fixed assets by the corporation, which then operates and manages th ...
The Mirage of Capital Controls by Sebastian Edwards
... Large capital flows have been at the heart of every major currency crisis during the 1990s. From Mexico in 1994, to Thailand in 1997, to Brazil in the winter of 1999, the stories are remarkably similar: Attracted by high domestic interest rates, a sense of stability stemming from rigid exchange rate ...
... Large capital flows have been at the heart of every major currency crisis during the 1990s. From Mexico in 1994, to Thailand in 1997, to Brazil in the winter of 1999, the stories are remarkably similar: Attracted by high domestic interest rates, a sense of stability stemming from rigid exchange rate ...
Introduction
... Though the emerging economies of East Asia attracted substantial FDI flows during the mid-1990s, they relied heavily on portfolio, bank loans, and other forms of short-term capital. ...
... Though the emerging economies of East Asia attracted substantial FDI flows during the mid-1990s, they relied heavily on portfolio, bank loans, and other forms of short-term capital. ...
Macroprudential Policies in a Global Perspective Guillermo Calvo COmmenTaRY
... recently, for instance, Brazil imposed stiff taxes on gross capital inflows without countervailing subsidies on outflows. Is this a major distortion? I think the issue is worth pursuing because, as far as I can tell, it has also been ignored in the outstanding literature. I suspect, though, that if ...
... recently, for instance, Brazil imposed stiff taxes on gross capital inflows without countervailing subsidies on outflows. Is this a major distortion? I think the issue is worth pursuing because, as far as I can tell, it has also been ignored in the outstanding literature. I suspect, though, that if ...
Prudential Policy for Peggers - Faculty Directory | Berkeley-Haas
... • Seems reasonable to doubt a theoretical exercise that adds assumptions and “prudential” capital controls to a DSGE model, and finds such massive welfare benefits and reduction of average unemployment by 10 percentage points ...
... • Seems reasonable to doubt a theoretical exercise that adds assumptions and “prudential” capital controls to a DSGE model, and finds such massive welfare benefits and reduction of average unemployment by 10 percentage points ...