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:
Foreign exchange > Law and legislation.
International trade.
Balance of payments.
Non-tariff trade barriers.
Commerce international.
Balance des paiements.
Barrières non tarifaires.
Balance of payments
Foreign exchange > Law and legislation
International trade
Non-tariff trade barriers
Acceso en línea:Texto completo
Descripción
Sumario: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.
Descripción Física:1 online resource (41 pages)
ISBN:9781452751139
1452751137

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