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implementing them. We focus on Brazil, which instituted five changes in its capital account regime over 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. In the case of Brazil, its left-of-center government …
Persistent link: https://www.econbiz.de/10009745279
implementing them. We focus on Brazil, which instituted five changes in its capital account regime over 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. In the case of Brazil, its left-of-center government …
Persistent link: https://www.econbiz.de/10010397230
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type...
Persistent link: https://www.econbiz.de/10010528529
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/10010341669
This paper surveys the nature of capital inflows into Asia since the peak of the US dollar in the first quarter of 2002 …
Persistent link: https://www.econbiz.de/10003719194
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type...
Persistent link: https://www.econbiz.de/10013128050
This paper examines the international transmission of volatility in the stock markets of countries in emerging Asian economies (EAEs). The time period of the study is from before the Asian financial crisis until after the global financial crisis. Over two decades the degree of volatility...
Persistent link: https://www.econbiz.de/10011686493
This paper investigates the determinants of capital flows to Brazil and constructs an index of capital controls that …
Persistent link: https://www.econbiz.de/10014221076
determinant of capital inflows to Brazil. The magnitude of those flows exacerbated two main macroeconomic problems: an increase in …
Persistent link: https://www.econbiz.de/10014054061
regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995-2007. The …
Persistent link: https://www.econbiz.de/10013122532