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Prethodno priopćenje
https://doi.org/10.18045/zbefri.2020.1.271

Capital controls to manage foreign exchange reserves and foreign debts

Chokri Zehri ; Prince Sattam Bin Abdulaziz University, College of Sciences and Humanities in Al-Sulail. Department of Business Administration, Saudi Arabia

Puni tekst: engleski, pdf (981 KB) str. 271-294 preuzimanja: 10* citiraj
APA 6th Edition
Zehri, C. (2020). Capital controls to manage foreign exchange reserves and foreign debts. Zbornik radova Ekonomskog fakulteta u Rijeci, 38 (1), 271-294. https://doi.org/10.18045/zbefri.2020.1.271
MLA 8th Edition
Zehri, Chokri. "Capital controls to manage foreign exchange reserves and foreign debts." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 38, br. 1, 2020, str. 271-294. https://doi.org/10.18045/zbefri.2020.1.271. Citirano 10.08.2020.
Chicago 17th Edition
Zehri, Chokri. "Capital controls to manage foreign exchange reserves and foreign debts." Zbornik radova Ekonomskog fakulteta u Rijeci 38, br. 1 (2020): 271-294. https://doi.org/10.18045/zbefri.2020.1.271
Harvard
Zehri, C. (2020). 'Capital controls to manage foreign exchange reserves and foreign debts', Zbornik radova Ekonomskog fakulteta u Rijeci, 38(1), str. 271-294. https://doi.org/10.18045/zbefri.2020.1.271
Vancouver
Zehri C. Capital controls to manage foreign exchange reserves and foreign debts. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2020 [pristupljeno 10.08.2020.];38(1):271-294. https://doi.org/10.18045/zbefri.2020.1.271
IEEE
C. Zehri, "Capital controls to manage foreign exchange reserves and foreign debts", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.38, br. 1, str. 271-294, 2020. [Online]. https://doi.org/10.18045/zbefri.2020.1.271
Puni tekst: hrvatski, pdf (981 KB) str. 271-294 preuzimanja: 7* citiraj
APA 6th Edition
Zehri, C. (2020). Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima. Zbornik radova Ekonomskog fakulteta u Rijeci, 38 (1), 271-294. https://doi.org/10.18045/zbefri.2020.1.271
MLA 8th Edition
Zehri, Chokri. "Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 38, br. 1, 2020, str. 271-294. https://doi.org/10.18045/zbefri.2020.1.271. Citirano 10.08.2020.
Chicago 17th Edition
Zehri, Chokri. "Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima." Zbornik radova Ekonomskog fakulteta u Rijeci 38, br. 1 (2020): 271-294. https://doi.org/10.18045/zbefri.2020.1.271
Harvard
Zehri, C. (2020). 'Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima', Zbornik radova Ekonomskog fakulteta u Rijeci, 38(1), str. 271-294. https://doi.org/10.18045/zbefri.2020.1.271
Vancouver
Zehri C. Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2020 [pristupljeno 10.08.2020.];38(1):271-294. https://doi.org/10.18045/zbefri.2020.1.271
IEEE
C. Zehri, "Kontrola kapitala u svrhu upravljanja deviznim pričuvama i inozemnim zaduživanjima", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.38, br. 1, str. 271-294, 2020. [Online]. https://doi.org/10.18045/zbefri.2020.1.271

Sažetak
The study explores the relationship between foreign exchange reserves (FER) and foreign borrowing (FB) within the framework of the management of capital flows. To investigate this relationship and examine the effect of capital control on foreign exchange reserves and external debt of two approaches are applied, the panel vector autoregression model (PVAR) and a traditional model of the reserve demand for 25 emerging countries over the period 1985-2019. The results show a negative association between FER and FB; the direction of the causality was from debts to reserves. Capital controls, as an instrument to reduce the short-term inflows, fail to restrict the accumulation of exchange reserves and conversely, succeed in limiting the recourse to foreign borrowing. Net foreign assets replacing foreign exchange reserves highlights different impacts of capital controls and raise the issue on a correct evaluation of foreign exchange reserves.

Ključne riječi
capital controls; debts; reserves; foreign assets

Hrčak ID: 240203

URI
https://hrcak.srce.hr/240203

[hrvatski]

Posjeta: 33 *