Capital Account Policies and the Real Exchange Rate

Olivier Jeanne

No 18404, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This paper presents a simple model of how a small open economy can undervalue its real exchange rate using its capital account policies. The paper presents several properties of such policies, and proposes a rule of thumb to assess their welfare cost. The model is applied to an analysis of Chinese capital account policies.

JEL-codes: F31 F32 F36 (search for similar items in EconPapers)
Date: 2012-09
New Economics Papers: this item is included in nep-cba and nep-opm
Note: IFM
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (68)

Published as Olivier Jeanne, 2013. "Capital Account Policies and the Real Exchange Rate," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 9(1), pages 7 - 42.
Published as Capital Account Policies and the Real Exchange Rate , Olivier Jeanne. in NBER International Seminar on Macroeconomics 2012 , Giavazzi and West. 2013

Downloads: (external link)
http://www.nber.org/papers/w18404.pdf (application/pdf)

Related works:
Chapter: Capital Account Policies and the Real Exchange Rate (2012)
Working Paper: Capital Account Policies and the Real Exchange Rate (2012)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:18404

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w18404

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().