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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Detalles Bibliográficos
Autor Principal: Clements, Benedict
Outros autores: Kamil, Herman
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Working Papers; Working Paper ; No. 2009/030
Acceso en liña:Full text available on IMF