This dissertation considers the effectiveness of implementing sterilization of capital inflows for Thailand, Indonesia, the Republic of Korea, and Malaysia after the Asian financial crisis. If they are not fully sterilized, capital inflows result in the increase of the money sup…
Many emerging economies in Asia and elsewhere have been plagued by sharp booms and bust cycles of capital inflows and outflows. The heavily managed exchange rate, current account improvement, and surge of capital inflows inevitably placed significant upward pressure on the domes…
This dissertation is organized into two essays in international economics and finance. The first is an analysis of the US-Morocco free trade agreement and its impact on Morocco. The study uses a computable general equilibrium CGE model and relaxes assumptions of full employment …
This study asks why some states are less constrained than others by economic internationalization and capital mobility. It is argued here that the degree of state institutionalization conditions the sustainability of government influence over the economy and financial system. St…
Chapter 1: Financial Liberalization, Exchange Rate Policy and Interdependence. There is by now a great deal of evidence pointing to large scale financial account liberalization and therefore increasing capital mobility around the Pacific Basin. Freer financial systems in the eme…
This dissertation investigates different but related aspects of the impact of global financial liberalization on macroeconomic changes and policy formation in a developing country. By using recent time-series econometric techniques for the Turkish case, three essays in this diss…