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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Detalhes bibliográficos
Autor principal: Clements, Benedict
Outros Autores: Kamil, Herman
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2009.
Colecção:IMF Working Papers; Working Paper ; No. 2009/030
Acesso em linha:Full text available on IMF