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Rethinking the economics of capital mobility and capital controls [PDF]
This paper reexamines the issue of international financial capital mobility, which is today's economic orthodoxy. Discussion is often framed in terms of the impossible trinity.
Thomas I. Palley
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Capital controls, capital flow contractions, and macroeconomic vulnerability [PDF]
Abstract In this paper I analyze whether restrictions to capital mobility reduce vulnerability to external shocks. More specifically, I ask if countries that restrict the free flow of international capital have a lower probability of experiencing a large contraction in net capital flows.
Sebastian Edwards
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Capital Controls: An Evaluation [PDF]
The literature on capital controls has (at least) four very serious apples-to-oranges problems: (i) There is not unified theoretical framework to analyze the macroeconomic consequences of controls; (ii) there is significant heterogeneity across countries and time in the control measures implemented; (iii) there are multiple definitions of what ...
Reinhart, Carmen, Magud, Nicolas
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Policies for managing sudden stops [PDF]
Managing capital flows needs an appropriate association of foreign exchange reserves, foreign borrowing, and capital control. These policies are considered as a tool to predict sudden stops (SS). Consequently, this analysis identifies
Chokri Zehri
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Capital controls to manage foreign exchange reserves and foreign debts [PDF]
The study explores the relationship between foreign exchange reserves (FER) and foreign borrowing (FB) within the framework of the management of capital flows. To investigate this relationship and examine the effect of capital control on foreign exchange
Chokri Zehri
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Capital Account Regulation and National Autonomy: The Political Economy of the New Welfare Economics [PDF]
The 2007-2009 Global Financial Crisis (GFC) eroded the consensus around the benefits of capital mobility within mainstream economics. Against this background, this paper discusses to what extent the new mainstream position on capital flow management ...
Luiza Peruffo +2 more
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Trilemma Challenges for the People's Republic of China [PDF]
This paper first reviews recent developments in exchange rate regimes, capital account liberalization, interest rate liberalization, and monetary policymaking in the People's Republic of China (PRC).
Masahiro Kawai, Li-Gang Liu
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Initial evidence from a new database on capital market restrictions [PDF]
One of the key obstacles to the empirical analysis of capital controls has been the unavailability of a detailed set of indicators for controls that cover a broad set of countries over a range of years.
El-Shagi Makram
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Effects of Capital Control Actions on Cross-Border Trade
The evidence that capital controls adversely affect cross-border trade is debatable. This study proves that capital controls may support international trade by mitigating the negative effect of macroeconomic volatility.
Chokri Zehri
doaj +1 more source
The domestic impacts and spillovers of capital controls [PDF]
The effectiveness of capital controls has still not been established, and if they are indefinite they create distortions. This study uses quarterly data on capital controls in 25 Asian and Latin American countries from 2000 to 2019.
Zehri Chokri
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