Are Capital Controls Effective in the 21st Century? : The Recent Experience of Colombia /

This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but had no statistically significant impact on the volume of non- FDI flows as a whole. W...

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Hlavní autor: Clements, Benedict
Další autoři: Kamil, Herman
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2009.
Edice:IMF Working Papers; Working Paper ; No. 2009/030
On-line přístup:Full text available on IMF