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

Naoyuki Yoshino, Sahoko Kaji, Tamon Asonuma

研究成果: Article

1 引用 (Scopus)

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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.

元の言語English
記事番号1550015
ジャーナルJournal of International Commerce, Economics and Policy
6
発行部数3
DOI
出版物ステータスPublished - 2015 10 1

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ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics and Econometrics
  • Finance

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