کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5087396 | 1375426 | 2012 | 13 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
A reexamination of capital controls' effectiveness: Recent experience of Thailand
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
⺠We investigate the impact of the capital control (URR) in Thailand. ⺠We find that it was incompletely effective in stabilizing the Thai currency. ⺠The reductions in total amount and altering its composition of capital inflows. ⺠Limited impact on the stock market as foreign equity investment was exempted from the measure. ⺠Adverse effects: a wider spread between onshore and offshore rates, a bearish market sentiment, an obstacle to the debt market development, and a negative effect on the credibility of the Monetary Authority.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Asian Economics - Volume 23, Issue 1, February 2012, Pages 26-38
Journal: Journal of Asian Economics - Volume 23, Issue 1, February 2012, Pages 26-38
نویسندگان
Pongrapeeporn Abhakorn, Nongnuch Tantisantiwong,