skip to content
Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's Preview this item
ClosePreview this item
Checking...

Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's

Author: Menzie David Chinn; William F Maloney; National Bureau of Economic Research.
Publisher: Cambridge, MA : National Bureau of Economic Research, ©1996.
Series: Working paper series (National Bureau of Economic Research), working paper no. 5814.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
Abstract: This paper presents an alternative method of testing for financial capital mobility in the absence of forward exchange markets. A model of domestic interest rate determination during liberalization is applied to Korean and Taiwanese data. A variety of diagnostic and recursive tests are used to isolate structural breaks in the data. It is shown that Korean interest rates behave as if determined domestically  Read more...
Rating:

(not yet rated) 0 with reviews - Be the first.

Subjects
More like this

Find a copy in the library

&AllPage.SpinnerRetrieving; Finding libraries that hold this item...

Details

Additional Physical Format: Print version:
Chinn, Menzie David.
Financial and capital account liberalization in the Pacific Basin.
Cambridge, MA : National Bureau of Economic Research, ©1996
(OCoLC)36047043
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Menzie David Chinn; William F Maloney; National Bureau of Economic Research.
OCLC Number: 647521127
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (27, [3] pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: Working paper series (National Bureau of Economic Research), working paper no. 5814.
Responsibility: Menzie D. Chinn, William F. Maloney.

Abstract:

Abstract: This paper presents an alternative method of testing for financial capital mobility in the absence of forward exchange markets. A model of domestic interest rate determination during liberalization is applied to Korean and Taiwanese data. A variety of diagnostic and recursive tests are used to isolate structural breaks in the data. It is shown that Korean interest rates behave as if determined domestically until late 1988 or early 1989, while Taiwanese rates exhibit this behavior until early 1989. Thereafter, these economies' interest rates appear tightly linked to the EuroYen rate. These results contrast with those obtained by Reisen and Yches (1993) which indicated a single opening and closing for Korea, and no structural break for Taiwan. They also differ from those results of Jwa (1994) indicating two temporary openings for Korea. Greater integration of these domestic markets with world financial markets suggests that it will be more difficult for these countries to stabilize their economies in the face of capital inflows and outflows.

Reviews

User-contributed reviews
Retrieving GoodReads reviews...
Retrieving DOGObooks reviews...

Tags

Be the first.
Confirm this request

You may have already requested this item. Please select Ok if you would like to proceed with this request anyway.

Linked Data


Primary Entity

<http://www.worldcat.org/oclc/647521127> # Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's
    a schema:MediaObject, schema:Book, schema:CreativeWork ;
    library:oclcnum "647521127" ;
    library:placeOfPublication <http://id.loc.gov/vocabulary/countries/mau> ;
    library:placeOfPublication <http://experiment.worldcat.org/entity/work/data/45444949#Place/cambridge_ma> ; # Cambridge, MA
    schema:about <http://dewey.info/class/332.042/e21/> ;
    schema:about <http://id.worldcat.org/fast/846376> ; # Capital movements--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_movements_taiwan_econometric_models> ; # Capital movements--Taiwan--Econometric models
    schema:about <http://id.worldcat.org/fast/846361> ; # Capital market--Government policy
    schema:about <http://id.worldcat.org/fast/1207854> ; # Taiwan.
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_movements_korea_econometric_models> ; # Capital movements--Korea--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_market_government_policy_korea> ; # Capital market--Government policy--Korea
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_market_government_policy_taiwan> ; # Capital market--Government policy--Taiwan
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/interest_rates_taiwan_econometric_models> ; # Interest rates--Taiwan--Econometric models
    schema:about <http://experiment.worldcat.org/entity/work/data/45444949#Topic/interest_rates_korea_econometric_models> ; # Interest rates--Korea--Econometric models
    schema:about <http://id.worldcat.org/fast/1206434> ; # Korea.
    schema:about <http://id.worldcat.org/fast/976180> ; # Interest rates--Econometric models
    schema:bookFormat schema:EBook ;
    schema:contributor <http://viaf.org/viaf/135446122> ; # National Bureau of Economic Research.
    schema:contributor <http://viaf.org/viaf/11904359> ; # William Francis Maloney
    schema:copyrightYear "1996" ;
    schema:creator <http://viaf.org/viaf/936959> ; # Menzie David Chinn
    schema:datePublished "1996" ;
    schema:description "Abstract: This paper presents an alternative method of testing for financial capital mobility in the absence of forward exchange markets. A model of domestic interest rate determination during liberalization is applied to Korean and Taiwanese data. A variety of diagnostic and recursive tests are used to isolate structural breaks in the data. It is shown that Korean interest rates behave as if determined domestically until late 1988 or early 1989, while Taiwanese rates exhibit this behavior until early 1989. Thereafter, these economies' interest rates appear tightly linked to the EuroYen rate. These results contrast with those obtained by Reisen and Yches (1993) which indicated a single opening and closing for Korea, and no structural break for Taiwan. They also differ from those results of Jwa (1994) indicating two temporary openings for Korea. Greater integration of these domestic markets with world financial markets suggests that it will be more difficult for these countries to stabilize their economies in the face of capital inflows and outflows."@en ;
    schema:exampleOfWork <http://worldcat.org/entity/work/id/45444949> ;
    schema:inLanguage "en" ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/45444949#Series/nber_working_paper_series> ; # NBER working paper series ;
    schema:isPartOf <http://experiment.worldcat.org/entity/work/data/45444949#Series/working_paper_series_national_bureau_of_economic_research> ; # Working paper series (National Bureau of Economic Research) ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/36047043> ;
    schema:name "Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's"@en ;
    schema:productID "647521127" ;
    schema:publication <http://www.worldcat.org/title/-/oclc/647521127#PublicationEvent/cambridge_ma_national_bureau_of_economic_research_1996> ;
    schema:publisher <http://experiment.worldcat.org/entity/work/data/45444949#Agent/national_bureau_of_economic_research> ; # National Bureau of Economic Research
    schema:url <http://papers.nber.org/> ;
    schema:url <http://catalog.hathitrust.org/api/volumes/oclc/36047043.html> ;
    schema:url <http://papers.nber.org/papers/w5814> ;
    wdrs:describedby <http://www.worldcat.org/title/-/oclc/647521127> ;
    .


Related Entities

<http://experiment.worldcat.org/entity/work/data/45444949#Agent/national_bureau_of_economic_research> # National Bureau of Economic Research
    a bgn:Agent ;
    schema:name "National Bureau of Economic Research" ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Place/cambridge_ma> # Cambridge, MA
    a schema:Place ;
    schema:name "Cambridge, MA" ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Series/nber_working_paper_series> # NBER working paper series ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/647521127> ; # Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's
    schema:name "NBER working paper series ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Series/working_paper_series_national_bureau_of_economic_research> # Working paper series (National Bureau of Economic Research) ;
    a bgn:PublicationSeries ;
    schema:hasPart <http://www.worldcat.org/oclc/647521127> ; # Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's
    schema:name "Working paper series (National Bureau of Economic Research) ;" ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_market_government_policy_korea> # Capital market--Government policy--Korea
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85019945> ;
    schema:name "Capital market--Government policy--Korea"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_market_government_policy_taiwan> # Capital market--Government policy--Taiwan
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85019945> ;
    schema:name "Capital market--Government policy--Taiwan"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_movements_korea_econometric_models> # Capital movements--Korea--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85019946> ;
    schema:name "Capital movements--Korea--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/capital_movements_taiwan_econometric_models> # Capital movements--Taiwan--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85019946> ;
    schema:name "Capital movements--Taiwan--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/interest_rates_korea_econometric_models> # Interest rates--Korea--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85067247> ;
    schema:name "Interest rates--Korea--Econometric models"@en ;
    .

<http://experiment.worldcat.org/entity/work/data/45444949#Topic/interest_rates_taiwan_econometric_models> # Interest rates--Taiwan--Econometric models
    a schema:Intangible ;
    schema:hasPart <http://id.loc.gov/authorities/subjects/sh85067247> ;
    schema:name "Interest rates--Taiwan--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/1206434> # Korea.
    a schema:Place ;
    schema:name "Korea." ;
    .

<http://id.worldcat.org/fast/1207854> # Taiwan.
    a schema:Place ;
    schema:name "Taiwan." ;
    .

<http://id.worldcat.org/fast/846361> # Capital market--Government policy
    a schema:Intangible ;
    schema:name "Capital market--Government policy"@en ;
    .

<http://id.worldcat.org/fast/846376> # Capital movements--Econometric models
    a schema:Intangible ;
    schema:name "Capital movements--Econometric models"@en ;
    .

<http://id.worldcat.org/fast/976180> # Interest rates--Econometric models
    a schema:Intangible ;
    schema:name "Interest rates--Econometric models"@en ;
    .

<http://viaf.org/viaf/11904359> # William Francis Maloney
    a schema:Person ;
    schema:birthDate "1959" ;
    schema:familyName "Maloney" ;
    schema:givenName "William Francis" ;
    schema:givenName "William F." ;
    schema:name "William Francis Maloney" ;
    .

<http://viaf.org/viaf/135446122> # National Bureau of Economic Research.
    a schema:Organization ;
    schema:name "National Bureau of Economic Research." ;
    .

<http://viaf.org/viaf/936959> # Menzie David Chinn
    a schema:Person ;
    schema:familyName "Chinn" ;
    schema:givenName "Menzie David" ;
    schema:name "Menzie David Chinn" ;
    .

<http://www.worldcat.org/oclc/36047043>
    a schema:CreativeWork ;
    rdfs:label "Financial and capital account liberalization in the Pacific Basin." ;
    schema:description "Print version:" ;
    schema:isSimilarTo <http://www.worldcat.org/oclc/647521127> ; # Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's
    .

<http://www.worldcat.org/title/-/oclc/647521127>
    a genont:InformationResource, genont:ContentTypeGenericResource ;
    schema:about <http://www.worldcat.org/oclc/647521127> ; # Financial and capital account liberalization in the Pacific Basin : Korea and Taiwan during the 1980's
    schema:dateModified "2018-04-20" ;
    void:inDataset <http://purl.oclc.org/dataset/WorldCat> ;
    .


Content-negotiable representations

Close Window

Please sign in to WorldCat 

Don't have an account? You can easily create a free account.