National economic identity and capital mobility: State-business relations in Latin America
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 to identify two critical factors to account for this puzz...
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2012
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Acceso en línea: | https://repository.urosario.edu.co/handle/10336/29990 |
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ir-10336-299902020-09-11T21:07:28Z National economic identity and capital mobility: State-business relations in Latin America Identidad económica nacional y movilidad de capitales: relaciones Estado-empresas en América Latina Leiteritz, Ralf Juan Economic Identity Capital account Peru Colombia 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 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. 2012 2020-09-11T21:06:58Z info:eu-repo/semantics/Book info:eu-repo/semantics/publishedVersion ISBN: 978-3-531-18528-6 https://repository.urosario.edu.co/handle/10336/29990 eng info:eu-repo/semantics/restrictedAccess application/pdf Springer VS Verlag für Sozialwissenschaften National economic identity and capital mobility: State-business relations in Latin America |
institution |
EdocUR - Universidad del Rosario |
collection |
DSpace |
language |
Inglés (English) |
topic |
Economic Identity Capital account Peru Colombia |
spellingShingle |
Economic Identity Capital account Peru Colombia Leiteritz, Ralf Juan National economic identity and capital mobility: State-business relations in Latin America |
description |
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 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. |
format |
info:eu-repo/semantics/Book |
author |
Leiteritz, Ralf Juan |
author_facet |
Leiteritz, Ralf Juan |
author_sort |
Leiteritz, Ralf Juan |
title |
National economic identity and capital mobility: State-business relations in Latin America |
title_short |
National economic identity and capital mobility: State-business relations in Latin America |
title_full |
National economic identity and capital mobility: State-business relations in Latin America |
title_fullStr |
National economic identity and capital mobility: State-business relations in Latin America |
title_full_unstemmed |
National economic identity and capital mobility: State-business relations in Latin America |
title_sort |
national economic identity and capital mobility: state-business relations in latin america |
publisher |
Springer |
publishDate |
2012 |
url |
https://repository.urosario.edu.co/handle/10336/29990 |
_version_ |
1679245162652368896 |
score |
12,131701 |