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Capital Account Liberation: Methods and Applications
Contributor(s): Yirong, Ying (Author), Forrest, Jeffrey Yi-Lin (Author)
ISBN: 1138894567     ISBN-13: 9781138894563
Publisher: CRC Press
OUR PRICE:   $69.25  
Product Type: Paperback - Other Formats
Published: November 2019
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
Additional Information
BISAC Categories:
- Business & Economics | Economics - General
- Mathematics
- Political Science | Public Policy - General
Dewey: 332.042
Series: Systems Evaluation, Prediction, and Decision-Making
Physical Information: 1" H x 6.1" W x 9.1" (1.40 lbs) 422 pages
 
Descriptions, Reviews, Etc.
Publisher Description:

Along with the development of economic globalization, many countries have begun to relax their controls on their capital accounts. However, the recent financial crises in Latin American countries as well as the exchange rate crises in Southeast Asian countries have shown that there is major risk associated with capital account liberalization.

This book details the benefits and risks of capital account liberalization and explains how to take an open-door policy at the appropriate time in order to reduce the risk to the lowest possible level. Supplying a complete mathematical analysis framework for the study of the problem of capital account liberalization, it presents a few important models that have been developed for the study of capital account liberalization.

Next, the book examines the influence of capital account liberalization on the stability of financial markets by greatly expanding the scope of ordinary differential equation theory to the analysis of local stabilities. It conveys cutting-edge results while providing a general yet simple analysis framework, enriched with practical experiences from developing countries.

This book applies the theory of limit cycles to the study of problems related to capital account liberalization and discusses the contagion of financial crises among different countries. Many problems related to capital account liberalization are formulated as optimization models, showing the fact that much broader economic issues can be solved by employing optimization methods.

The book concludes by comparing the contagion effect of financial markets between nations with a relatively high degree of openness with those characterized by a moderate degree of openness. Explaining how to determine optimal capital inflows and outflows, this book provides you with the understanding required to accurately determine the characteristics, backgrounds, causes, and roles of capital account liberalization and relevant capital flows.