Adjustments of Capital Account Restrictions and Exchange Rate Regimes in East Asia

Naoyuki Yoshino, Sahoko Kaji, Tamon Asonuma

研究成果: Article査読

1 被引用数 (Scopus)

抄録

This paper discusses adjustments of capital account restrictions and exchange rate regimes in East Asia. Monetary authorities have two options for these adjustments: Gradual adjustments and rapid adjustments. We analyze the costs and benefits for both adjustment options in each area, i.e., capital account restrictions and exchange rate regimes. The paper provides prominent country cases for each adjustment option to emphasize the benefits for policymakers. We then propose four transition policy options for East Asian countries aiming to relax capital account restrictions and increase flexibility in exchange rates from fixed regimes with capital account controls.

本文言語English
論文番号1550015
ジャーナルJournal of International Commerce, Economics and Policy
6
3
DOI
出版ステータスPublished - 2015 10月 1

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 財務
  • 経済学、計量経済学

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