Arbeitspapier
Adjustments of capital account restrictions and exchange rate regimes in East Asia
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 or rapid adjustments. We analyze the costs and benefits for both adjustment options in each area, i.e., capital account restrictions and exchange rate regime. 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.
- Language
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Englisch
- Bibliographic citation
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Series: ADBI Working Paper ; No. 518
- Classification
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Wirtschaft
International Monetary Arrangements and Institutions
Open Economy Macroeconomics
International Policy Coordination and Transmission
- Subject
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exchange rate transition
east asia
capital account controls
exchange rate transition policies
- Event
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Geistige Schöpfung
- (who)
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Yoshino, Naoyuki
Kaji, Sahoko
Asonuma, Tamon
- Event
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Veröffentlichung
- (who)
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Asian Development Bank Institute (ADBI)
- (where)
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Tokyo
- (when)
-
2015
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Yoshino, Naoyuki
- Kaji, Sahoko
- Asonuma, Tamon
- Asian Development Bank Institute (ADBI)
Time of origin
- 2015
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