negative effects of the trade agreement on welfare coupled with proof of capital control’s reduction effect on the trade …

This paper provides an analysis of the use and effects of capital controls in 27 AEs and EMDEs which experienced at … least one financial crisis between 1995 and 2017. Countries often turn to using capital controls in crisis: some ease inflow … flows during crises. In contrast, the effectiveness of capital controls introduced during crises appears to be weak and …

In this study, we construct a set of monthly de jure indexes that measure the on-going changes in capital controls in … are employed to capture the intensities of these policy changes. The indexes show that capital controls were relaxed … identify policy central countries and policy interdependence among sample countries, and test the effects of capital controls …

This paper shows that the adoption of fiscal rules (FRs) decreases the use of capital controls and increases … international financial integration. This result is robust to alternative measures of fiscal rules, capital controls, and … literature.Governments impose capital controls (on outflows, in particular) to channel domestic savings into the public sector to …

the government has access to capital controls and interest on bank reserves, the unregulated economy underborrows. The …

We review the literature on the effectiveness of capital controls and macroprudential measures. First, we explain the … purposes and examples of capital controls and macroprudential policies. We then analyze various theoretical models and … that directly compare the two instruments and discuss whether policymakers should implement capital controls or …