The ability of the financial crisis linked to the financial market system, because of the growth of financial markets needed to be disconnected from the dynamics of the real economy. It can be summed up as follows lesson:
Regulation of international capital transactions: Many emerging economies liberalized their capital markets, since the 70s This means that restrictions on investment and foreign restrictions on foreign currencies have been eliminated, and the ban prohibits domestic ownership as of the foreigners have been lifted. The financial crisis in 1970 has raised doubts remain. Host regulate capital markets first and foremost to reduce the risks of price volatility of capital and very volatile. A basic difference should be made between two different methods to limit the movement of capital. One method includes the imposition of tax on currency transactions. Currency transaction tax costs and reduce incentives to fight a coin. If on the other hand a tax on currency transactions is set at a low level relative to the exchange rate expectations of market participants.
International coordination of monetary policy and fiscal: Reason for this, it is argued, is the global nature of the financial crisis, which can not be adequately addressed the provisions for regulating the capital markets ordination at the national level. Even if the theory is correct market failures, to regulate movement of capital is not always the best course of action. Demand for the regulation appears to be justified only in cases where the costs and risks associated with the movement of capital flows is higher than the cost of government intervention and measures to adjusted capital transactions, since the process involves uncertainties and risks .. Because the financial crisis is likely to spread higher up the ability of the government to mobilize capital from the outside is very low
đang được dịch, vui lòng đợi..