Aizenman, Joshua; Pasricha, Gurnain Kaur - In: Journal of International Money and Finance 39 (2013) C, pp. 28-64
In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital … outflow controls in the recent decades. Liberalization of capital outflow controls can allow emerging market economies (EMEs …) to reduce net capital inflow (NKI) pressures, but may cost their governments the fiscal revenues that external financial …