We use the Jeanne / Rose (2002) noise trader framework in foreign exchange markets to introduce a tax on international capital flows. As such a tax exerts two effects in opposite directions, we derive the capital control level that minimizes the risk premium and show the conditions under which a zero capital control level is optimal
International capital trade benefits a nation as a whole but the gains from trade are unevenly distr...
This paper studies the optimal taxation of capital income in a simplemodel of a small open economy w...
Many emerging market economies use different forms of capital controls. Often the use of capital con...
Capital controls lower the variability of the exchange rate and reduce the risk premium as well as t...
The main objective when a country implements capital controls is to prevent large fluctuations in th...
The aim of the paper is to identify the impact of the currency transaction tax on the foreign exchan...
Countries' concerns with the value of their currency have been extensively studied and documented in...
Many countries try to smooth their exchange rate movements by means of capital controls or otherwise...
Controls on short-term capital inflows or panic-driven capital outflows may benefit emerging markets...
Recent theoretical papers argue that countries can insulate themselves from volatile world capital f...
We develop a theory of capital controls as dynamic terms-of-trade ma-nipulation.We study an infinite...
This paper studies the effects of prohibiting individuals from holding foreign assets, and of allowi...
Both in theory and practice, capital controls and dual exchange rate systems can be part of a countr...
This paper develops a theory of capital structure in an international setting with corporate and per...
Many emerging market economies use alternative forms of capital controls. Often the use of capital c...
International capital trade benefits a nation as a whole but the gains from trade are unevenly distr...
This paper studies the optimal taxation of capital income in a simplemodel of a small open economy w...
Many emerging market economies use different forms of capital controls. Often the use of capital con...
Capital controls lower the variability of the exchange rate and reduce the risk premium as well as t...
The main objective when a country implements capital controls is to prevent large fluctuations in th...
The aim of the paper is to identify the impact of the currency transaction tax on the foreign exchan...
Countries' concerns with the value of their currency have been extensively studied and documented in...
Many countries try to smooth their exchange rate movements by means of capital controls or otherwise...
Controls on short-term capital inflows or panic-driven capital outflows may benefit emerging markets...
Recent theoretical papers argue that countries can insulate themselves from volatile world capital f...
We develop a theory of capital controls as dynamic terms-of-trade ma-nipulation.We study an infinite...
This paper studies the effects of prohibiting individuals from holding foreign assets, and of allowi...
Both in theory and practice, capital controls and dual exchange rate systems can be part of a countr...
This paper develops a theory of capital structure in an international setting with corporate and per...
Many emerging market economies use alternative forms of capital controls. Often the use of capital c...
International capital trade benefits a nation as a whole but the gains from trade are unevenly distr...
This paper studies the optimal taxation of capital income in a simplemodel of a small open economy w...
Many emerging market economies use different forms of capital controls. Often the use of capital con...
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