The Political Economy of Capital Controls

by Gunther G. Schulze

• ISBN13: 9780521142854
• ISBN10: 0521142857
• Edition: 1st
• Format: Paperback
• Copyright: 2010-06-10
• Publisher: Cambridge University Press

Summary

Although globalization is seen by many as the key economic trend of recent times, restrictions on international capital movements remain the norm in international finance. In this, the first comprehensive study of capital controls, Gunther Schulze uses a public choice model to explain their role. Presenting original research, as well as comprehensive surveys of the existing literature (including monetary economics, international economics, public economics and public choice) this book will be vital reading for policy professionals as well as researchers and upper level students in a wide range of disciplines.

Table of Contents

List of figures

List of tables

Preface

Introduction:

The Reasons for Capital Controls:

Political-economic determinants of capital controls

Capital controls in a small open economy

Extensions: large open economy and unemployment

The Evasion of Capital Controls:

Ways and means to escape the restrictions

Misinvoicing international trade: imports

Misinvoicing international trade: exports

Empirical Measurement of the Effectiveness of Capital Controls:

The effects of capital controls - unexploited profit opportunities?

Return differentials

The correlation of saving and investment

Finale

Appendices

References

Index

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