Effectiveness of Capital Restrictions: Do Regional and Income Differences Matter?
21 Pages Posted: 14 Jul 2011
Date Written: June 1, 2011
This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995-2007. The results show that differences in regional and income levels matter for the effectiveness of capital restrictions.
Keywords: capital flows, capital controls, Economics Working Paper No. 261
JEL Classification: F21, F32, F36, F41, G15, O53
Suggested Citation: Suggested Citation