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Titolo:
A SURVEY OF LITERATURE ON CONTROLS OVER INTERNATIONAL CAPITAL TRANSACTIONS
Autore:
DOOLEY MP;
Indirizzi:
UNIV CALIF SANTA CRUZ SANTA CRUZ CA 95064
Titolo Testata:
Staff papers - International Monetary Fund
fascicolo: 4, volume: 43, anno: 1996,
pagine: 639 - 687
SICI:
0020-8027(1996)43:4<639:ASOLOC>2.0.ZU;2-K
Fonte:
ISI
Lingua:
ENG
Soggetto:
EXCHANGE-RATE REGIMES; INTEREST-RATE PARITY; OF-PAYMENTS CRISES; FINANCIAL REPRESSION; DEVELOPING-COUNTRIES; POLITICAL RISK; EXTERNAL DEBT; PUBLIC DEBT; INVESTMENT; MARKETS;
Tipo documento:
Review
Natura:
Periodico
Settore Disciplinare:
Physical, Chemical & Earth Sciences
Physical, Chemical & Earth Sciences
Citazioni:
111
Recensione:
Indirizzi per estratti:
Citazione:
M.P. Dooley, "A SURVEY OF LITERATURE ON CONTROLS OVER INTERNATIONAL CAPITAL TRANSACTIONS", Staff papers - International Monetary Fund, 43(4), 1996, pp. 639-687

Abstract

This paper reviews recent theoretical and empirical work on controls over international capital movements. Theoretical contributions reviewed focus on ''second-best'' arguments for capital market restrictions,as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been ''effective'' in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments' debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory.

ASDD Area Sistemi Dipartimentali e Documentali, Università di Bologna, Catalogo delle riviste ed altri periodici
Documento generato il 30/09/20 alle ore 05:25:15