Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia / / Natalia Tamirisa
(Visualizza in formato marc)
(Visualizza in BIBFRAME)
| Autore: |
Tamirisa Natalia
|
| Titolo: |
Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia / / Natalia Tamirisa
|
| Pubblicazione: | Washington, D.C. : , : International Monetary Fund, , 2004 |
| Edizione: | 1st ed. |
| Descrizione fisica: | 1 online resource (24 p.) |
| Soggetto topico: | Capital movements - Malaysia |
| Financial crises - Asia | |
| Macroeconomics | |
| Banks and Banking | |
| Exports and Imports | |
| Foreign Exchange | |
| International Investment | |
| Long-term Capital Movements | |
| Current Account Adjustment | |
| Short-term Capital Movements | |
| Macroeconomic Aspects of International Trade and Finance: General | |
| General Financial Markets: Government Policy and Regulation | |
| Financial Institutions and Services: Government Policy and Regulation | |
| Interest Rates: Determination, Term Structure, and Effects | |
| International economics | |
| Financial services law & regulation | |
| Finance | |
| Currency | |
| Foreign exchange | |
| Capital controls | |
| Capital account | |
| Capital adequacy requirements | |
| Real interest rates | |
| Real exchange rates | |
| Balance of payments | |
| Financial regulation and supervision | |
| Financial services | |
| Capital movements | |
| Asset requirements | |
| Interest rates | |
| Soggetto geografico: | Malaysia Economic conditions |
| Malaysia Economic policy | |
| Malaysia | |
| Note generali: | Cover title. |
| "January 2004"--Caption. | |
| Nota di bibliografia: | Includes bibliographical references (p. 22-23). |
| Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. CAPITAL FLOWS AND THEIR REGULATION IN MALAYSIA""; ""III. WHAT DO THE QUANTITATIVE DATA TELL US?""; ""IV. AN ERROR-CORRECTION MODEL WITH CAPITAL CONTROLS""; ""APPENDIX""; ""REFERENCES"" |
| Sommario/riassunto: | This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital controls generally have statistically insignificant effects on the exchange rate. Controls on portfolio outflows and on bank and foreign exchange operations facilitate reductions in the domestic interest rate, while controls on portfolio inflows have the opposite effect, in line with the theoretical priors. Controls on international transactions in the domestic currency and stock market operations have statistically insignificant effects on the interest rate differential. |
| Titolo autorizzato: | Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia |
| ISBN: | 1-4623-8038-7 |
| 1-4527-5737-2 | |
| 1-281-15564-0 | |
| 9786613777003 | |
| 1-4518-9031-1 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910814665803321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |
Serie:
IMF Working Papers; Working Paper ; ; No. 2004/003