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Capital Controls and Monetary Policy in Developing Countries This paper looks at both the theoretical and empirical literatu
Capital Controls and Monetary Policy in Developing Countries This paper looks at both the theoretical and empirical literatu
admin
2012-01-23
27
问题
Capital Controls and Monetary Policy in Developing Countries
This paper looks at both the theoretical and empirical literature on capital controls and finds that controls can play an important role in developing countries by helping to insulate them from some of the harmful (21) of volatile and short-term capital flows.
The authors look at controls on capital inflows in Malaysia (1989-1995); Colombia (1993-1998); Chile (1989-1998); and Brazil (1992-1998), and also consider the (22) of Malaysia’s controls on outflows in 1998-2001. They conclude that there is sufficient backing in both economic theory and empirical evidence to consider more widespread (23) of capital controls in order to (24) some of the macroeconomic problems (25) with short-term capital flows, to enable certain development strategies, and to allow policymakers more flexibility with regard to crucial monetary and exchange rate policies.
The paper follows what appears to be a shift in the position of the International Monetary Fund (IMF) towards such controls. In a February paper, the IMF concluded that "there may be (26) in which capital controls are a legitimate (27) of the policy (28) to surges in capital inflows. " The Fund’s Global Financial Stability Report (29) in April 2010 was less sanguine about capital controls, but the net result is that the IMF appears more open to (30) capital controls than in the past.
选项
A、answer
B、reply
C、address
D、take
答案
C
解析
词义辨析加搭配题。A项answer的常用搭配为:answer questions,即“回答问题”;B项reply为不及物动词,其后不能接宾语,意为“回复,回答”;C项address做“解决”之意讲时常使用的固定搭配为address problems(解决问题);D项take表达类似含义的一个固定表达为take questions表示“回答问题”。根据该句表达的意思,判断C项为正确答案。
转载请注明原文地址:https://kaotiyun.com/show/ps7d777K
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