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Capital controls spillovers

Journal of International Money and Finance, 2018
Abstract I set up a three-country business cycle model with one advanced (AE) and two emerging economies (EMEs) to analyze the spillover effects arising from capital controls. Following a push-factor shock from the AE, if one EME tightens capital controls, the other EME experiences an additional wave of foreign investments, which amplify the ...
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Capital Controls

World Economics Journal, 2002
Malaysia’s decision to adopt capital controls in September 1998 reminded the world that there are alternatives to capital account liberalisation. Unfortunately, there has been a tendency for both sides in the debate over the capital control measures to exaggerate their own cases, with little regard for what actually happened.
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Capital and Control

2022
The previous chapter expanded the discussion to consider the failures of the diversity agenda as they apply not only to social class, but also to ethnicity and sex. Chapter 7 narrows the focus a little more to consider the role of organizational social mobility programmes in opening access to the City’s elite firms.
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Capital Flows, Beliefs, and Capital Controls

2016
Belief heterogeneity generates speculative cross-border capital flows that are much larger than flows generated by the hedging/insurance motives. We show theoretically that limiting financial trades may gen- erate welfare gains despite inhibiting insurance possibilities.
Rarytska, Olena   +3 more
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Efficient capital controls

Journal of Economic Studies, 2001
Controls on short‐term capital inflows or panic‐driven capital outflows may benefit emerging markets that have fragile financial sectors and adjustable‐peg currency regimes. However, the controls seen so far are relatively easy to evade, often complex and obscure, and supported by large corruptible bureaucracies.
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Iceland’s Capital Controls

2019
Fridrik M. Baldursson explores the effects of the economic policies prescribed by the IMF in response to the Iceland crisis. He finds that the capital controls were effective in that a gap emerged between the onshore and the offshore exchange rates; domestic interest rates did not follow foreign interest rate, and the statistical properties of exchange
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