| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 965793 | Journal of Macroeconomics | 2011 | 11 Pages |
Abstract
⺠This paper computes welfare levels under different degree of capital controls. ⺠We show that perfect capital mobility is not always optimal. ⺠There exists an optimal degree of capital control, if financial intermediaries are costly. ⺠As financial intermediaries are less efficient, stricter controls should be imposed.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shigeto Kitano,