Capital Control Measures: A New Dataset

38 Pages Posted: 2 Mar 2015

See all articles by Andrés Fernàndez

Andrés Fernàndez

Inter-American Development Bank (IDB) - Research Department

Michael W. Klein

Tufts University - The Fletcher School of Law and Diplomacy; National Bureau of Economic Research (NBER)

Alessandro Rebucci

Johns Hopkins University - Carey Business School; National Bureau of Economic Research (NBER); Centre for Economic Policy Research (CEPR)

Martin Schindler

International Monetary Fund (IMF)

Martín Uribe

Columbia University - Graduate School of Arts and Sciences - Department of Economics; National Bureau of Economic Research (NBER)

Multiple version iconThere are 4 versions of this paper

Date Written: February 2015

Abstract

We present and describe a new dataset of capital control restrictions on both inflows and outflows of ten categories of assets for 100 countries over the period 1995 to 2013. Building on the data first presented in Martin Schindler (2009), and other datasets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions, this dataset includes additional asset categories, more countries, and a longer time period. We discuss the manner in which we translate the information in the AREAER into a usable data set. We also characterize the data with respect to the prevalence of controls across asset categories, the correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of our dataset with other indicators of capital controls.

Suggested Citation

Fernandez, Andres and Klein, Michael W. and Rebucci, Alessandro and Schindler, Martin and Uribe, Martin, Capital Control Measures: A New Dataset (February 2015). NBER Working Paper No. w20970. Available at SSRN: https://ssrn.com/abstract=2572129

Andres Fernandez (Contact Author)

Inter-American Development Bank (IDB) - Research Department ( email )

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Michael W. Klein

Tufts University - The Fletcher School of Law and Diplomacy ( email )

Medford, MA 02155
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National Bureau of Economic Research (NBER)

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Alessandro Rebucci

Johns Hopkins University - Carey Business School ( email )

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National Bureau of Economic Research (NBER) ( email )

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Centre for Economic Policy Research (CEPR) ( email )

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Martin Schindler

International Monetary Fund (IMF) ( email )

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Martin Uribe

Columbia University - Graduate School of Arts and Sciences - Department of Economics ( email )

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New York, NY 10027
United States
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212-854-8059 (Fax)

National Bureau of Economic Research (NBER)

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