Similar to Chile in the 1990s, Slovenia has introduced an unremunerated reserve requirement (URR) on financial credits … other transition economies, Slovenia has raised less short-term bank credit from abroad. Moreover, there are indications … that the volatility of exchange rates has declined after the imposition of the URR while the volatility of capital flows …

reinforcing effects. In our model, capital controls reduce macroeconomic volatility and increase standard measures of consumer …

volatile capital flows and their disruptive potential. This paper aims to identify factors that explain the size and volatility … determinants of capital inflows to developing Asia. Trade openness increases the volatility of all types of capital inflows, while … change in stock market capitalization, global liquidity growth, and institutional quality lowers the volatility. A regional …