1995
DOI: 10.5089/9781451935882.001
|View full text |Cite
|
Sign up to set email alerts
|

A Survey of Academic Literatureon Controls Over International Capital Transactions

Abstract: This paper reviews recent theoretical and empirical work on controls over international capital movements. Theoretical contributions reviewed focus on "second best" arguments for capital market restrictions as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been "effective" in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reduction in the g… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
6
0
1

Year Published

1997
1997
2015
2015

Publication Types

Select...
7

Relationship

0
7

Authors

Journals

citations
Cited by 14 publications
(7 citation statements)
references
References 79 publications
0
6
0
1
Order By: Relevance
“…The models of international capital flow and its adjustment are represented in the works of Dooly M. (Dooly M., 1995), Dornbusch (1988), Calvo (1993), Cardoso (1997), Kullman (1993), Saks (1996), etc. Smith (2007) worked upon the issue of capital flow between national economies.…”
Section: Literature Reviewmentioning
confidence: 99%
“…The models of international capital flow and its adjustment are represented in the works of Dooly M. (Dooly M., 1995), Dornbusch (1988), Calvo (1993), Cardoso (1997), Kullman (1993), Saks (1996), etc. Smith (2007) worked upon the issue of capital flow between national economies.…”
Section: Literature Reviewmentioning
confidence: 99%
“…However, in view of the fungibility of capital: too much reliance cannot be placed on capital controls in protecting particular institutions and markets. 7 Consequently, it is important for countries 7Por a discussion of the effectiveness of capital controls, see Johnston and Ryan (1994), Cardoso and Goldfajn (1997), and Dooley (1995).…”
Section: Consequences For the Pace And Sequencing Of Capital Account ...mentioning
confidence: 99%
“…-14-Table 1. Chile: Sequencing of External and Domestic Financial Liberalization, 1985-96 11 1985198619871988198919901991199319951996 Monetary Controls and Financial System Capital Market Development -16increases lO were rolled back in two steps and concurrently, the exchange rate was devalued to offset the impact of the lower tariffs, and to bring the exchange rate to a more realistic level.…”
Section: A Chilementioning
confidence: 99%
See 2 more Smart Citations