Purpose – The purpose of this paper is to review the practicality and implications of capital controls in emerging economies in the international financial landscape subsequent to the 1997 Asian financial crisis (AFC) and the 2008 global financial crisis (GFC). Design/methodology/approach –...

This paper reviews the evolution of China's capital controls over the past decade, estimates their strength, assesses their effectiveness in influencing capital flows at a macro level, and draws policy implications for the financial market reforms in the coming years. While capital controls...

This paper estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and Thailand in the 2000s. Controls are generally associated with a decrease in inflows and a lengthening of maturities, but the relationship is not statistically significant in...

Im ersten Teil des Berichts wird eine Übersicht über die bisherigen Erfahrungen der OECD-Länder mit Außenhandelskontrollen gegeben. In fast allen OECD-Ländern wurden Außenhandelskontrollen aufgegeben. Obwohl zwischen den östlichen Reformländern und den westlichen Industrieländern große...