Why do countries use capital controls? /

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Bibliographic Details
Author / Creator:Johnston, R. B.
Imprint:[Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, ©1998.
Description:1 online resource (37 pages)
Language:English
Series:IMF working paper ; WP/98/181
IMF working paper ; WP/98/181.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12497290
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Other authors / contributors:Tamirisa, Natalia T.
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN:9781451904529
1451904525
Notes:Includes bibliographical references (pages 35-37).
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Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
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Print version record.
Summary:Annotation Recourse to controls on capital flows among developing economies is generally quite pervasive. This paper examines the structure and determinants of capital controls based on a cross-sectional study of developing and transition economies. It identifies categories of capital transactions that can be aggregated for analytical purposes. Controls are found to be related to the balance of payments, macroeconomic management, market and institutional evolution, prudential and other factors. the relationship with the balance of payments, however, is not robust to simultaneous equation analysis.
Other form:Print version: Johnston, R.B. Why do countries use capital controls? [Washington, D.C.] : International Monetary Fund, Monetary and Exchange Affairs Department, ©1998