کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
991186 | 935588 | 2007 | 12 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Revisiting Price-based Controls on Capital Inflows in a “Sophisticated” Emerging Market
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
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چکیده انگلیسی
SummaryLarge and volatile capital flows pose serious challenges for macroeconomic management in developing countries. In this paper, we examine the price-based capital controls adopted by Brazil during the 1990s with the objective of facing some of those difficulties. We use data on capital account transactions at a monthly frequency in order to evaluate the effects of those policies on net fixed-income capital flows and on total portfolio flows using GMM techniques. Our results suggest that the controls could have been effective in reducing both types of flows.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: World Development - Volume 35, Issue 8, August 2007, Pages 1329–1340
Journal: World Development - Volume 35, Issue 8, August 2007, Pages 1329–1340
نویسندگان
Antonio C. David,