Can Short-Term Capital Controls Promote Capital Inflows? /
In an economy a la Diamond and Dybvig (1983), we present an example in which foreign lenders find it profitable to invest in an emerging market if, and only if, the emerging market government imposes taxes on short-term capital inflows. This implies that capital controls that are effective in reduci...
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| Format: | Czasopismo |
| Język: | English |
| Wydane: |
Washington, D.C. :
International Monetary Fund,
1998.
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| Seria: | IMF Working Papers; Working Paper ;
No. 1998/131 |
| Dostęp online: | Full text available on IMF |
| Streszczenie: | In an economy a la Diamond and Dybvig (1983), we present an example in which foreign lenders find it profitable to invest in an emerging market if, and only if, the emerging market government imposes taxes on short-term capital inflows. This implies that capital controls that are effective in reducing the vulnerability of emerging markets to financial crises may increase the volume of capital inflows. |
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| Deskrypcja: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Opis fizyczny: | 1 online resource (10 pages) |
| Format: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Ograniczenie dostępu: | Electronic access restricted to authorized BRAC University faculty, staff and students |