RIEBセミナー　(RIEB Seminar)

日時：
（Date&Time)		 2007年5月7日（月）午後3時半から （Monday, May 7, 2007, 3:30pm〜）
報告者：
（Speaker）		 北野　重人　（KITANO Shigeto）
所属：
（Affiliation）		 和歌山大学経済学部　（Faculty of Economics, Wakayama University）
論題：
（Topic）		 “Capital Controls, Public Debt and Currency Crises”
概要：
(Abstract)		 This paper examines the possibility that, contrary to conventional wisdom, capital controls accelerate currency crises. Theoretical analysis shows that capital controls can constitute an additional burden on government budget and so bring forward the onset of crises. Since perfect capital mobility does not occur, domestic interest rates may deviate from world interest rates. High interest rates under capital controls create an additional cost of servicing outstanding domestic public debt, precipitating crises. Even though the government can delay crises with capital controls, welfare may be less than in a situation with perfect capital mobility.
会場：
(Place)		 神戸大学経済経営研究所　調査室 （兼松記念館1階）
Seminar Room at RIEB (Kanematsu Memorial Hall 1st Floor)
対象：
（Intended Audience)		 教員，院生および同等の知識をお持ちの方
Faculty, Graduate Students, and People with Equivalent Knowledge
使用言語：
（Language)		 日本語
(Japanese)
備考：
(Note)

論文のコピーは研究助成室にご用意しております。
Copies of the paper are available at Research Assistant Room.