Hidden Bibliographic Details
| Other authors / contributors: | Saborowski, Christian, author.
International Monetary Fund. Strategy, Policy, and Review Department, issuing body.
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| ISBN: | 9781484379752
1484379756
9781484379776
1484379772
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| Notes: | At head of title: Strategy, Policy, and Review Department.
"January 2014."
Includes bibliographical references.
Online resource; title from pdf title page (IMF.org Web site, viewed Jan. 30, 2014).
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| Summary: | "This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms. Specifically, it examines whether a tightening of outflow restrictions helps reduce net capital outflows. We find that such tightening is effective if it is supported by strong macroeconomic fundamentals or good institutions, or if existing restrictions are already fairly comprehensive. When none of these three conditions is fulfilled, a tightening of restrictions fails to reduce net outflows as it provokes a sizable decline in gross inflows, mainly driven by foreign investors"--Abstract.
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