Controls on capital inflows and external shocks /

Controls on capital inflows and external shocks /

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Bibliographic Details
Author / Creator:	David, Antonio C.
Imprint:	Washington, D.C. : World Bank, Young Professionals Program, 2007.
Description:	26 p. : ill. ; 28 cm.
Language:	English
Series:	Policy research working paper ; 4176 Policy research working papers ; 4176.
Subject:	Capital movements -- Chile -- Econometric models. Capital movements -- Colombia -- Econometric models. Capital movements -- Econometric models. Economic history. Economic policy -- Econometric models. Chile -- Economic policy -- Econometric models. Colombia -- Economic policy -- Econometric models. Chile -- Economic conditions -- 1988- -- Econometric models. Colombia -- Economic conditions -- 1970- -- Econometric models. Chile. Colombia.
Format:	E-Resource Print Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/6286695

Hidden Bibliographic Details
Other authors / contributors:	World Bank. Young Professionals Program.
Notes:	"March 2007"--Cover. Includes bibliographical references (p. 16-17). Also available on the World Wide Web.
Summary:	The author attempts to analyze whether price-based controls on capital inflows are successful in insulating economies against external shocks. He presents results from vector auto regressive (VAR) models that indicate that Chile and Colombia, countries that adopted controls on capital inflows, seem to have been relatively well insulated against external disturbances. Subsequently, he uses the auto regressive distributed lag (ARDL) approach to co-integration to isolate the effects of the capital controls on the pass-through of external disturbances to domestic interest rates in those economies. The author concludes that there is evidence that the capital controls allowed for greater policy autonomy.

Mansueto

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Call Number:	HG3879.P6 no.4176
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