Results 11 to 20 of about 17,262,762 (323)
Journal of International Economics, 2020 There is much ongoing debate on the merits of capital controls as effective policy instruments. The differing perspectives are due in part to a lack of empirical studies that look at the intensive margin of controls, which in turn has prevented a quantitative assessment of optimal capital control models against the data. We contribute to this debate by
Miguel Acosta-Henao +2 more
openaire +2 more sources
Crypto, Corruption, and Capital Controls: Cross-Country Correlations
IMF Working Papers, 2022 : Empirical investigation of the factors underlying the growing usage of crypto-assets is in its infancy, owing to data limitations. In this paper, we present a simple cross-country analysis drawing on recently released survey-based data.
N. Gueorguiev +6 more
semanticscholar +1 more source
The Prudential Use of Capital Controls and Foreign Currency Reserves
Social Science Research Network, 2021 We provide a simple framework to study the prudential use of capital controls and currency reserves that have been explored in the recent literature. We cover the role of both pecuniary externalities and aggregate demand externalities. The model features
Javier Bianchi, G. Lorenzoni
semanticscholar +1 more source
Capital Controls, Domestic Macroprudential Policy and the Bank Lending Channel of Monetary Policy
Social Science Research Network, 2021 We study how capital controls and domestic macroprudential policy tame credit supply booms, respectively targeting foreign and domestic bank debt. For identification, we exploit the simultaneous introduction of capital controls on foreign exchange (FX ...
Andrea Fabiani +4 more
semanticscholar +1 more source
Dampening Global Financial Shocks: Can Macroprudential Regulation Help (More than Capital Controls)?
IMF Working Papers, 2020 We show that macroprudential regulation can considerably dampen the impact of global financial shocks on emerging markets. More specifically, a tighter level of regulation reduces the sensitivity of GDP growth to VIX movements and capital flow shocks.
Katharina Bergant +3 more
semanticscholar +1 more source
The Multiple Effects of Capital Controls
Comparative Economic Research, 2020 Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustment in economies with nominal rigidities and suboptimal monetary policy.
Chokri Zehri
doaj +1 more source
The Effectiveness of Macroprudential Policies and Capital Controls Against Volatile Capital Inflows
Social Science Research Network, 2020 This paper compares the effectiveness of macroprudential policies (MaPs) and capital controls (CCs) in influencing the volume and composition of capital inflows, and the probability of banking and currency crises. We distinguish between foreign exchange (
Jon Frost, Hiro Ito, René van Stralen
semanticscholar +1 more source
To be or renminbi: Trend in the evolution of the international monetary system [PDF]
Industrija, 2014 By joining the recent research bandwagon in international finance, this paper reexamines the potential of Chinese yuan for becoming a leading world currency.
Malović Marko G.
doaj +1 more source
Country-Level Size Effects in International Asset Pricing
Emerging Markets Journal, 2021 This paper investigates whether small markets offer higher risk-adjusted expected returns using a large set of developed and emerging markets over a time span of up to four decades. The results show that expected returns are significantly lower in larger
Crina Pungulescu
doaj +1 more source
The Rise in Foreign Currency Bonds: The Role of US Monetary Policy and Capital Controls
Social Science Research Network, 2020 An unintended consequence of loose US monetary policy is the increase in currency risk exposure abroad. Using firm-level data on corporate bond issuances in 17 emerging market economies (EME) between 2003 and 2015, we find that EME companies are more ...
P. Bacchetta +2 more
semanticscholar +1 more source