Political economy capital controls.
This paper studies the economic and political determinants of capital controls. I address two questions. One, I examine whether the prevalence of capital controls is related to a number of economic and political variables. From a public finance point of view, capital controls permit the maintenance...
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| Format: | Thesis |
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2008
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| Online Access: | http://hdl.handle.net/10356/14477 |
| _version_ | 1824454088964702208 |
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| author | Lee, Kenneth Tze Chui. |
| author2 | J. Soedradjad Djiwandono |
| author_facet | J. Soedradjad Djiwandono Lee, Kenneth Tze Chui. |
| author_sort | Lee, Kenneth Tze Chui. |
| collection | NTU |
| description | This paper studies the economic and political determinants of capital controls. I address two questions. One, I examine whether the prevalence of capital controls is related to a number of economic and political variables. From a public finance point of view, capital controls permit the maintenance of a significant tax base even when high tax rates are imposed because capital controls prohibit individuals from avoiding capital levies by holding foreign currency assets. With measures such as high reserve requirements in place, capital controls raise the demand for money and generate more seignorage. Two, I investigate how capital controls affect growth. From Chapter 2 (The Contribution of Capital Controls to Restor Economic Growth), I presented arguments to reject the hypothesis that capital controls reduce growth. |
| first_indexed | 2025-02-19T03:16:46Z |
| format | Thesis |
| id | ntu-10356/14477 |
| institution | Nanyang Technological University |
| last_indexed | 2025-02-19T03:16:46Z |
| publishDate | 2008 |
| record_format | dspace |
| spelling | ntu-10356/144772020-11-01T08:35:03Z Political economy capital controls. Lee, Kenneth Tze Chui. J. Soedradjad Djiwandono S. Rajaratnam School of International Studies DRNTU::Social sciences::Political science This paper studies the economic and political determinants of capital controls. I address two questions. One, I examine whether the prevalence of capital controls is related to a number of economic and political variables. From a public finance point of view, capital controls permit the maintenance of a significant tax base even when high tax rates are imposed because capital controls prohibit individuals from avoiding capital levies by holding foreign currency assets. With measures such as high reserve requirements in place, capital controls raise the demand for money and generate more seignorage. Two, I investigate how capital controls affect growth. From Chapter 2 (The Contribution of Capital Controls to Restor Economic Growth), I presented arguments to reject the hypothesis that capital controls reduce growth. Master of Science (International Political Economy) 2008-11-13T09:20:36Z 2008-11-13T09:20:36Z 2006 2006 Thesis http://hdl.handle.net/10356/14477 Nanyang Technological University application/pdf |
| spellingShingle | DRNTU::Social sciences::Political science Lee, Kenneth Tze Chui. Political economy capital controls. |
| title | Political economy capital controls. |
| title_full | Political economy capital controls. |
| title_fullStr | Political economy capital controls. |
| title_full_unstemmed | Political economy capital controls. |
| title_short | Political economy capital controls. |
| title_sort | political economy capital controls |
| topic | DRNTU::Social sciences::Political science |
| url | http://hdl.handle.net/10356/14477 |
| work_keys_str_mv | AT leekennethtzechui politicaleconomycapitalcontrols |