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Collateral Damage.

While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimi...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Zhang, Zhiwei
Otros Autores: Wei, Shang-Jin
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2007.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Collateral Damage. 
260 |a Washington :  |b International Monetary Fund,  |c 2007. 
300 |a 1 online resource (41 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
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490 1 |a IMF Working Papers ;  |v v. Working Paper No. 07/8 
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505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Exchange Controls: Some Basic Patterns; 1. Evolutions of Restriciton Indices; 1a. Summary Statistics for Restriction Indices; 1b. Correlations of the Control Indices, Tariff, and NTB Index; 2. Control Indices in Selected Countries; III. Statistical Analysis; 2. Benchmark Regressions; 3. Adding Time-varying Price Indices; 4. Developing Countries; 5. Additional Controls: Corruption and Trade Openness; 6. Finer Classification of Exchange Controls; 7. Emerging Market Economies during 1996-99; IV. Concluding Remarks. 
505 8 |a 1. Exchange Controls: Source, Measurement, and Indices2. List of Countries in the Sample; References; Footnotes. 
520 |a While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase. 
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650 0 |a Foreign exchange  |x Law and legislation. 
650 0 |a International trade. 
650 0 |a Balance of payments. 
650 0 |a Non-tariff trade barriers. 
650 6 |a Commerce international. 
650 6 |a Balance des paiements. 
650 6 |a Barrières non tarifaires. 
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650 7 |a Foreign exchange  |x Law and legislation  |2 fast 
650 7 |a International trade  |2 fast 
650 7 |a Non-tariff trade barriers  |2 fast 
700 1 |a Wei, Shang-Jin. 
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830 0 |a IMF Working Papers. 
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