Capital Controls : Country Experiences with Their Use and Liberalization /

This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed...

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Bibliographic Details
Main Author: Ariyoshi, Akira
Other Authors: Kirilenko, Andrei, Laurens, Bernard, Otker, Inci
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:Occasional Papers; Occasional Paper ; No. 2000/009
Online Access:Full text available on IMF
Description
Summary:This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.
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Physical Description:1 online resource (123 pages)
Format:Mode of access: Internet
ISSN:0251-6365
Access:Electronic access restricted to authorized BRAC University faculty, staff and students