Ebook Download Capital Controls and Trade Liberalization in a Monetary Economy

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Capital Controls and Trade Liberalization in a Monetary Economy High quality books

Capital Controls and Trade Liberalization in a Monetary Economy
By:Mr. B. Jang
Published on 1999-03-01 by International Monetary Fund

This paper reexamines Aizenman’s (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman’s model, which is based on the currency substitution model, foreign money is an interest-bearing asset in this paper, and its major role is to smooth intertemporal consumption. With this modification, Aizenman’s results are reversed, thus showing that the effects of capital controls during trade liberalization would vary greatly depending on the role of foreign money in a country. The effects of an anticipated trade liberalization are also studied.

This Book was ranked at 7 by Google Books for keyword Monetary economics.

Book ID of Capital Controls and Trade Liberalization in a Monetary Economy's Books is nQqBS7fjOcgC, Book which was written byMr. B. Janghave ETAG "hXHk+8aRT9s"

Book which was published by International Monetary Fund since 1999-03-01 have ISBNs, ISBN 13 Code is 9781451891966 and ISBN 10 Code is 1451891962

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