Read Collateral Damage: Exchange Controls and International Trade

Collateral Damage: Exchange Controls and International Trade

Zhiwei Zhang

4.9/5 (18228 ratings)

Description:While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Collateral Damage: Exchange Controls and International Trade. To get started finding Collateral Damage: Exchange Controls and International Trade, you are right to find our website which has a comprehensive collection of manuals listed.
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Pages: 29

Format: PDF, EPUB & Kindle Edition

Publisher: Not Avail

Release: 2007

ISBN: 6613823937

Description: While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Collateral Damage: Exchange Controls and International Trade. To get started finding Collateral Damage: Exchange Controls and International Trade, you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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Collateral Damage: Exchange Controls and International Trade

Collateral Damage: Exchange Controls and International Trade

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