National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
The capital controls and their impact in the short and long term
Papežík, Ondřej ; Šíma, Ondřej (advisor) ; Pour, Jiří (referee)
The present thesis analyzes the application of capital controls and their impact on the economy in the short and long term. These regulatory measures have gone through many periods and opinions in which they were considered as both positive and negative instrument not only of monetary policy. Global financial crisis of 2008 has again raised a lot of questions dealing with this topic. Capital controls may help ease the acute problems associated with inflows or outflows in the short term but they will not solve the issue of the country's susceptibility to movements of primarily debt capital. Long-term capital closeness (whether in terms of export or import) may causes, inter alia, the excessive accumulation of savings in the domestic closed economy or lack of capital for economic development. Therefore, when applying capital controls it is also necessary to improve the country's institutional quality which proved to be an important determinant of capital flows.
Unconventional monetary policy and its impacts on the balance of payments (the case of Brazil)
Papežík, Ondřej ; Šíma, Ondřej (advisor) ; Houštecký, Martin (referee)
The present bachelor thesis describes the reasons for adopting the unconventional monetary policy by developed countries and its impacts on the economic development and balance of payments in Brazil. Quantitative easing, as the tool of unconventional monetary policy, adopted by Federal Reserve System in the USA caused excessive capital inflows to emerging markets. Therefore, Brazil has adopted measures in the form of capital controls which affected the structure of capital inflow. The foreign direct investments acquired in importance (primarily in the sector of mineral processing) instead of portfolio investments. These measures also help to reduce the level and volatility of exchange rate.

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