IMF Staff papers : Volume 43 No. 4.
This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on 'second-best ' arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature sugge...
| Awdur Corfforaethol: | |
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| Fformat: | Cylchgrawn |
| Iaith: | English |
| Cyhoeddwyd: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Cyfres: | IMF Staff Papers; IMF Staff Papers ;
No. 1996/004 |
| Mynediad Ar-lein: | Full text available on IMF |
| Crynodeb: | This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on 'second-best ' arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been 'effective ' in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments' debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory. |
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| Disgrifiad o'r Eitem: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Disgrifiad Corfforoll: | 1 online resource (212 pages) |
| Fformat: | Mode of access: Internet |
| ISSN: | 1020-7635 |
| Mynediad: | Electronic access restricted to authorized BRAC University faculty, staff and students |