National Economic Identity and Capital Mobility: State-Business Relations in Latin America Ralf J. Leiteritz

ISBN: 9783531185286

Published: April 21st 2012

Paperback

175 pages


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National Economic Identity and Capital Mobility: State-Business Relations in Latin America  by  Ralf J. Leiteritz

National Economic Identity and Capital Mobility: State-Business Relations in Latin America by Ralf J. Leiteritz
April 21st 2012 | Paperback | PDF, EPUB, FB2, DjVu, audiobook, mp3, RTF | 175 pages | ISBN: 9783531185286 | 4.63 Mb

Why has capital account liberalization been a durable policy in some countries, but not in others? The book uses the contrast between the path pursued by Peru and Colombia regarding capital account policy during the last twenty years in order toMoreWhy has capital account liberalization been a durable policy in some countries, but not in others? The book uses the contrast between the path pursued by Peru and Colombia regarding capital account policy during the last twenty years in order to identify two critical factors to account for this puzzle. First, changes in domestic informal institutions are a necessary element of sustainable capital account policy choices.Second, sustainable capital account liberalization presupposes that business-government relations privilege the interests of economic sectors that depend on the unfettered flow of international capital and are largely unaffected by exchange-rate volatility over the interests of exporters of non-traditional goods worried about exchange-rate appreciation in the context of capital account openness.



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