1st Edition

Capital Controls In Emerging Economies

    174 Pages
    by Routledge

    179 Pages
    by Routledge

    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.

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

    Biography

    Christine