Effectiveness of capital controls in selected emerging markets in the 2000s /

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Bibliographic Details
Author / Creator:	Baba, Chikako, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2011.
Description:	1 online resource (45 pages)
Language:	English
Series:	IMF working paper ; WP/11/281 IMF working paper ; WP/11/281.
Subject:	Capital movements -- Econometric models. Capital market -- Econometric models. Capital market -- Econometric models. Capital movements -- Econometric models. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499814

Hidden Bibliographic Details
Other authors / contributors:	Kokenyne, Annamaria, author. International Monetary Fund. Monetary and Capital Markets Department, issuing body.
ISBN:	146398765X 9781463987657 9781463926625 1463926626
Notes:	At head of title: Monetary and Capital Markets Department. Title from PDF title page (IMF Web site, viewed December 6, 2011). "December 2011." Includes bibliographical references. English.
Summary:	This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and Thailand in the 2000s. Controls are generally associated with a decrease in inflows and a lengthening of maturities, but the relationship is not statistically significant in all cases, and the effects are temporary. Controls are more successful in providing room for monetary policy than dampening currency appreciation pressures. We argue that the macroeconomic impact of capital controls depends on the extensiveness of the policy, the level of capital market development, the support provided by other policies, and the persistence of capital flows.

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