Vai al contenuto principale della pagina
Autore: |
Aizenman Joshua
![]() |
Titolo: |
Financial versus monetary mercantilism-long-run view of large international reserves hoarding / / prepared by Joshua Aizenman and Jaewoo Lee
![]() |
Pubblicazione: | [Washington, D.C.], : International Monetary Fund, Western Hemisphere Department, c2006 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (24 p.) |
Soggetto topico: | Mercantile system - East Asia - Mathematical models |
Balance of trade - East Asia | |
Altri autori: |
LeeJaewoo
![]() |
Note generali: | "December 2006." |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | ""Contents""; ""I. OVERVIEW""; ""II. FINANCIAL VERSUS MONETARY MERCANTILISM OVER THE DECADES: 1970� 2005""; ""III. THE HAZARD OF COMPETITIVE HOARDING""; ""IV. BANK FRAGILITY: ON THE OBSERVATION EQUIVALENCE OF MONETARY MERCANTILISM AND SELF- INSURANCE""; ""V. CONCLUSION""; ""REFERENCES"" |
Sommario/riassunto: | The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism-hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia adopted financial mercantilism-subsidizing the cost of capital- during decades of high growth. They switched to hoarding large international reserves when growth faltered, making it harder to disentangle the monetary mercantilism from a precautionary response to the heritage of past financial mercantilism. Monetary mercantilism also lowers the cost of hoarding through its short-term boost to external competitiveness, but may be associated with negative externalities leading to competitive hoarding. |
Titolo autorizzato: | Financial Versus Monetary Mercantilism ![]() |
ISBN: | 1-4623-7199-X |
1-4527-8948-7 | |
1-282-56518-4 | |
9786613822512 | |
1-4519-0993-4 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910814663003321 |
Lo trovi qui: | Univ. Federico II |
Opac: | Controlla la disponibilità qui |