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01665cas a2200241 a 4500 |
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AALejournalIMF008005 |
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230101c9999 xx r poo 0 0eng d |
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|c 15.00 USD
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|z 9781451930931
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|a 1020-7635
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b Research Dept.
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|a IMF Staff papers :
|b Volume 43 No. 4.
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| 264 |
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|a Washington, D.C. :
|b International Monetary Fund,
|c 1996.
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|a 1 online resource (212 pages)
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|a IMF Staff Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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|a Mode of access: Internet
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|a IMF Staff Papers; IMF Staff Papers ;
|v No. 1996/004
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/024/1996/004/024.1996.issue-004-en.xml
|z IMF e-Library
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