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Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows.

How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the type...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Binici, Mahir
Otros Autores: Hutchison, Michael M., Schindler, Martin
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo
Descripción
Sumario:How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose deb.
Descripción Física:1 online resource (58 pages)
ISBN:9781452732909
1452732906