|
Showing 1 - 5 of
5 matches in All Departments
|
Capital Controls (Hardcover)
Jonathan D. Ostry, Atish R Ghosh, Mahvash S. Qureshi
|
R12,578
Discovery Miles 125 780
|
Ships in 12 - 17 working days
|
The global financial crisis and its aftermath saw boom-bust cycles
in cross-border capital flows of astounding magnitude. Issues of
capital account liberalization and the imposition of capital
controls are back in the headlines, and on researchers' agendas.
This comprehensive and timely research review covers many of the
themes central to the issue of capital account liberalization, and
provides a balanced assessment of the role that capital controls
might play in the effective management of capital flows to reap
their benefits.
Inequality has drastically increased in many countries around the
globe over the past three decades. The widening gap between the
very rich and everyone else is often portrayed as an unexpected
outcome or as the tradeoff we must accept to achieve economic
growth. In this book, three International Monetary Fund economists
show that this increase in inequality has in fact been a political
choice-and explain what policies we should choose instead to
achieve a more inclusive economy. Jonathan D. Ostry, Prakash
Loungani, and Andrew Berg demonstrate that the extent of inequality
depends on the policies governments choose-such as whether to let
capital move unhindered across national boundaries, how much
austerity to impose, and how much to deregulate markets. While
these policies do often confer growth benefits, they have also been
responsible for much of the increase in inequality. The book also
shows that inequality leads to weaker economic performance and
proposes alternative policies capable of delivering more inclusive
growth. In addition to improving access to health care and quality
education, they call for redistribution from the rich to the poor
and present evidence showing that redistribution does not hurt
growth. Accessible to scholars across disciplines as well as to
students and policy makers, Confronting Inequality is a rigorous
and empirically rich book that is crucial for a time when many fear
a new Gilded Age.
Inequality has drastically increased in many countries around the
globe over the past three decades. The widening gap between the
very rich and everyone else is often portrayed as an unexpected
outcome or as the tradeoff we must accept to achieve economic
growth. In this book, three International Monetary Fund economists
show that this increase in inequality has in fact been a political
choice-and explain what policies we should choose instead to
achieve a more inclusive economy. Jonathan D. Ostry, Prakash
Loungani, and Andrew Berg demonstrate that the extent of inequality
depends on the policies governments choose-such as whether to let
capital move unhindered across national boundaries, how much
austerity to impose, and how much to deregulate markets. While
these policies do often confer growth benefits, they have also been
responsible for much of the increase in inequality. The book also
shows that inequality leads to weaker economic performance and
proposes alternative policies capable of delivering more inclusive
growth. In addition to improving access to health care and quality
education, they call for redistribution from the rich to the poor
and present evidence showing that redistribution does not hurt
growth. Accessible to scholars across disciplines as well as to
students and policy makers, Confronting Inequality is a rigorous
and empirically rich book that is crucial for a time when many fear
a new Gilded Age.
The member countries of the International Monetary Fund collaborate
to try to assure orderly exchange arrangements and promote a stable
system of exchange rates, recognizing that the essential purpose of
the international monetary system is to facilitate the exchange of
goods, services, and capital, and to sustain sound economic growth.
The paper reviews the stability of the overall system of exchange
rates by examining macroeconomic performance (inflation, growth,
crises) under alternative exchange rate regimes; implications of
exchange rate regime choice for interaction with the rest of the
system (external adjustment, trade integration, capital flows); and
potential sources of stress to the international monetary system.
A comprehensive examination of policy measures intended to help
emerging markets contend with large and volatile capital flows.
While always episodic in nature, capital flows to emerging market
economies have been especially volatile since the global financial
crisis. After peaking at $680 billion in 2007, flows to emerging
markets turned negative at the onset of crisis in 2008, then
rebounded only to recede again during the U.S. sovereign debt
downgrade in 2011. Since then, flows have continued to swing
wildly, leaving emerging market policy makers wondering whether
they can put in place policies during the inflow phase that will
soften the blow when flows subsequently recede. This book offers
the first comprehensive treatment of policy measures intended to
help emerging markets contend with large and volatile capital
flows. The authors, all IMF experts, explain that, in the spirit of
liberalization and deregulation in the 1980s and 1990s, many
emerging market governments eliminated capital inflow controls
along with outflow controls. By 2012, however, capital inflow
controls were again acknowledged as legitimate policy tools.
Focusing on the macroeconomic and financial-stability risks
associated with capital flows, the authors combine theoretical and
empirical analysis to consider the interaction between monetary,
exchange rate, macroprudential, and capital control policies to
mitigate these risks. They examine the effectiveness of various
policy tools, discuss the practical considerations and multilateral
implications of their use, and provide concrete policy advice for
dealing with capital inflows.
|
You may like...
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
Loot
Nadine Gordimer
Paperback
(2)
R398
R330
Discovery Miles 3 300
Hampstead
Diane Keaton, Brendan Gleeson, …
DVD
R66
Discovery Miles 660
|