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Capital Account Liberation - Methods and Applications (Paperback)
Loot Price: R1,646
Discovery Miles 16 460
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Capital Account Liberation - Methods and Applications (Paperback)
Series: Systems Evaluation, Prediction, and Decision-Making
Expected to ship within 12 - 17 working days
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Donate to Against Period Poverty
Total price: R1,666
Discovery Miles: 16 660
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Along with the development of economic globalization, many
countries have begun to relax their controls on their capital
accounts. However, the recent financial crises in Latin American
countries as well as the exchange rate crises in Southeast Asian
countries have shown that there is major risk associated with
capital account liberalization. This book details the benefits and
risks of capital account liberalization and explains how to take an
open-door policy at the appropriate time in order to reduce the
risk to the lowest possible level. Supplying a complete
mathematical analysis framework for the study of the problem of
capital account liberalization, it presents a few important models
that have been developed for the study of capital account
liberalization. Next, the book examines the influence of capital
account liberalization on the stability of financial markets by
greatly expanding the scope of ordinary differential equation
theory to the analysis of local stabilities. It conveys
cutting-edge results while providing a general yet simple analysis
framework, enriched with practical experiences from developing
countries. This book applies the theory of limit cycles to the
study of problems related to capital account liberalization and
discusses the contagion of financial crises among different
countries. Many problems related to capital account liberalization
are formulated as optimization models, showing the fact that much
broader economic issues can be solved by employing optimization
methods. The book concludes by comparing the contagion effect of
financial markets between nations with a relatively high degree of
openness with those characterized by a moderate degree of openness.
Explaining how to determine optimal capital inflows and outflows,
this book provides you with the understanding required to
accurately determine the characteristics, backgrounds, causes, and
roles of capital account liberalization and relevant capital flows.
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