Similar Search Results

Ineffective Controls on Capital Inflows Under Sophisticated Financial Markets : Brazil in the Nineties

Carvalho, Bernardo S. de M - 2006

We analyze the Brazilian experience in the 1990s to assess the effectiveness of controls on capital inflows in restricting financial inflows and changing their composition towards long term flows. Econometric exercises (VARs) showed that controls on capital inflows were effective in deterring...

Persistent link: https://www.econbiz.de/10012466385

Capital Controls in Brazil - Stemming a Tide with a Signal?

Jinjarak, Yothin - 2013

implementing them. We focus on Brazil, which instituted five changes in its capital account regime in 2008-2011. Using the … synthetic control method, we construct counterfactuals (i.e., Brazil with no policy change) for each of these changes. We find … regarding the government's larger intentions and sensibilities. Brazil's left-of-center government's willingness to remove …

Persistent link: https://www.econbiz.de/10012459458

Bubble Thy Neighbor : Portfolio Effects and Externalities from Capital Controls

Forbes, Kristin - 2012

We use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and …. We find that an increase in Brazil's tax on foreign investment in bonds causes investors to significantly decrease their … portfolio allocations to Brazil in both bonds and equities. Investors simultaneously increase allocations to other countries …

Persistent link: https://www.econbiz.de/10012460607

KFstar and Portfolio Inflows : A Focus on Latin America

Burger, John D.; Warnock, Francis E.; Warnock, Veronica C. - National Bureau of Economic Research - 2022

for Brazil, Chile, and Mexico; risk tolerance for Argentina, Costa Rica, and Peru …

Persistent link: https://www.econbiz.de/10013388809

Controls on Capital Inflows : Do they Work?

De Gregorio, Jose - 2000

This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it...

Persistent link: https://www.econbiz.de/10012471122

How Effective are Capital Controls?

Edwards, Sebastian - 1999

In the aftermath of the East Asian crisis a number of authors have argued that capital mobility is highly destabilizing, and that emerging countries would benefit from restricting capital flows. In this paper I investigate, from a historical perspective, the effectiveness of capital controls. I...

Persistent link: https://www.econbiz.de/10012471368

International Capital Flows and Domestic Economic Policies

Frankel, Jeffrey A. - 1987

This paper, written for the NBER Conference on the Changing Role of the United States in the World Economy, covers the capital account in the U.S. balance of payments. It first traces the history from 1946 to 1980, a period throughout which Americans were steadily building up a positive net...

Persistent link: https://www.econbiz.de/10012476859

A Constant Recontracting Model of Sovereign Debt

Bulow, Jeremy I. - 1986

Few sovereign debtors have repudiated their obligations entirely. But despite the significant sanctions at the disposal of lenders, many borrowers have been able to consistently negotiate for reduced repayments. This paper presents a model of the on-going bargaining process that determines...

Persistent link: https://www.econbiz.de/10012476981

International Lending and Borrowing in a Stochastic Sequence Equilibrium

Clarida, Richard H. - 1986

Persistent link: https://www.econbiz.de/10012477128

Implications of the U.S. Net Capital Inflow

Friedman, Benjamin M. - 1986

The rapidly growing net inflow of capital from abroad, mirroring the extraordinary deterioration of the U.S. export-import balance, has played a major role in equilibrating overall saving and investment in the United States in the face of unprecedentedly large and persistent federal goverriment...

Persistent link: https://www.econbiz.de/10012477273

1
2
3
4
5
6
7
8
9
10
Next
Last