One of the reasons for governments to employ capital controls is to obtain some degree of monetary independence. In this paper we test whether capital controls can reduce the link between exchange rates fluctuations and cross border interest differentials. Recent capital control proxies are used in order to determine the date of capital account liberalization for a panel of Western European and emerging countries. Results show that capital controls have a very limited effect on observed deviations from interest parities, even when accounting for the political risk associated with capital controls. (C) 2013 Elsevier Ltd. All rights reserved
The consensus view is that capital controls can effectively lengthen the maturity composition of cap...
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and...
This paper considers the effect of exchange and capital controls on trade in the gravity-equation fr...
One of the reasons for governments to employ capital controls is to obtain some degree of monetary i...
Many emerging market economies use different forms of capital controls. Often the use of capital con...
The literature on interest rate differentials caused by capital controls is mostly case based yet. T...
The main objective when a country implements capital controls is to prevent large fluctuations in th...
Many emerging market economies use alternative forms of capital controls. Often the use of capital c...
Countries' concerns with the value of their currency have been extensively studied and documented in...
The evidence that capital controls adversely affect cross-border trade is debatable. This study prov...
Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustm...
We assess whether capital controls effectively insulate countries from U.S. monetary shocks, examini...
Many countries try to smooth their exchange rate movements by means of capital controls or otherwise...
We present a readily available monthly measure of the intensity of capital controls across 29 emergi...
This paper studies the institutional and political determinants of capital controls in a sample of 2...
The consensus view is that capital controls can effectively lengthen the maturity composition of cap...
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and...
This paper considers the effect of exchange and capital controls on trade in the gravity-equation fr...
One of the reasons for governments to employ capital controls is to obtain some degree of monetary i...
Many emerging market economies use different forms of capital controls. Often the use of capital con...
The literature on interest rate differentials caused by capital controls is mostly case based yet. T...
The main objective when a country implements capital controls is to prevent large fluctuations in th...
Many emerging market economies use alternative forms of capital controls. Often the use of capital c...
Countries' concerns with the value of their currency have been extensively studied and documented in...
The evidence that capital controls adversely affect cross-border trade is debatable. This study prov...
Capital controls are seen as a means to promote financial stability or improve macroeconomic adjustm...
We assess whether capital controls effectively insulate countries from U.S. monetary shocks, examini...
Many countries try to smooth their exchange rate movements by means of capital controls or otherwise...
We present a readily available monthly measure of the intensity of capital controls across 29 emergi...
This paper studies the institutional and political determinants of capital controls in a sample of 2...
The consensus view is that capital controls can effectively lengthen the maturity composition of cap...
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and...
This paper considers the effect of exchange and capital controls on trade in the gravity-equation fr...