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Capital Controls, Exchange Rates, and Monetary Policy in the World Economy (Hardcover, New)
Loot Price: R3,069
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Capital Controls, Exchange Rates, and Monetary Policy in the World Economy (Hardcover, New)
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The essays collected in this volume, written by well-known
academics and policy analysts, discuss the impact of increased
capital mobility on macroeconomic performance. The authors
highlight the most adequate ways to manage the transition from a
semi-closed economy to a semi-open one. Additionally, issues
related to the measurement of openness, monetary control, optimal
exchange rates regimes, sequencing of reforms, and real exchange
rate dynamics under different degrees of capital mobility are
carefully analyzed. The book is divided into four parts after the
editor's introduction. The first part contains the general
analytics of monetary policy in open economies. Parts two to four
deal with diverse regional experiences, covering Europe, the Asian
Pacific region, and Latin America. The papers on which the essays
are based were originally presented at a conference on Monetary
Policy in Semi-Open Economies, held in Seoul, Korea in November
1992.
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