Capital market crises: liberalisation, fixed exchange rates and market-driven destabilisation

Article Abstract:

There are many similarities between the capital market crises that have taken place in Latin America and Asia since the 1970s. These crises have mainly resulted from a government's withdrawal from controlling the financial sector, and particularly the international capital market. This in turn proved a strong motivating force for destabilizing private sector financial behaviour. It is clear that international agencies should back national regulatory initiatives and that it may be wise to consider specific changes in international regulatory practices.

Laws, regulations and rules, Capital market, Capital markets

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Pasinetti's processes

Article Abstract:

Luigi Pasinetti's theories of economic dynamics and his assumptions fail to explain the modern day variations of economic transactions. Pasinetti hypothesized that per capita consumption of a particular good first rises and then declines. However, this needs practical interventions. The second theme of the theory is that social adjustments can annul the influence of taste and technology parameters. The process sometimes gives reverse results.

Evaluation, Economics, Economic policy

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Exchange rate indeterminacy in portfolio balance, Mundell-Fleming and uncovered interest rate parity models

Article Abstract:

The two-country open economy portfolio balance model has just two independent equations for asset market clearing, with respect to full stock/flow accounting. It can determine home and foreign interest rates but not the exchange rate, and the alternative for this, is a two-country IS/LM model with exchange rate dynamics added.

United States, Commercial Banks, Investment Banking and Securities Dealing, Forecasts, trends, outlooks, Portfolio Management, Portfolio & Funds Management, Forecasts and trends, Foreign exchange, Foreign exchange rates, Market trend/market analysis, Open economy

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