Measures to Limit the offshore Use of Currencies : Pros and Cons.

Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could b...

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书目详细资料
企业作者: International Monetary Fund
格式: 杂志
语言:English
出版: Washington, D.C. : International Monetary Fund, 2001.
丛编:IMF Working Papers; Working Paper ; No. 2001/043
在线阅读:Full text available on IMF
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245 1 0 |a Measures to Limit the offshore Use of Currencies :   |b Pros and Cons. 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a Several Asian emerging market economies have recently adopted measures to limit the offshore trading of their currencies. This paper provides a general overview of such measures and evaluates the experiences of selected countries that resorted to such measures. It concludes that the measures could be effective if they were comprehensive and effectively enforced, and were accompanied by consistent macroeconomic policies and structural reforms. Such measures, however, could adversely affect investor confidence, financial market development, and nonspeculative economic and financial activities, and impose administrative burden on all parties involved. 
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