Controls On Capital Inflows And External Shocks

Controls On Capital Inflows And External Shocks / David, Antonio C

The author attempts to analyze whether price-based controls on capital inflows are successful in insulating economies against external shocks. He presents results from vector auto regressive (VAR) models that indicate that Chile and Colombia, countries that adopted controls on capital inflows, seem...

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Bibliographic Details
Main Authors:David, Antonio C.
Format: Online-Resource
Language:English
Published:Washington, D.C : The World Bank, 2007
Subjects:
Bank Policy
Capital Account
Capital Flows
Capital Inflows
Credit Expansion
Currencies and Exchange Rates
Debt Markets
Developing Countries
Domestic Interest Rates
Economic Stabilization
Economic Theory and Research
Emerging Markets
Exchange
Finance and Financial Sector Development
Financial Literacy
Financial Shocks
Interest
International Rates
Macroeconomic Management
Macroeconomics and Economic Growth
Private Sector Development
Online Access:kostenfrei
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Summary:The author attempts to analyze whether price-based controls on capital inflows are successful in insulating economies against external shocks. He presents results from vector auto regressive (VAR) models that indicate that Chile and Colombia, countries that adopted controls on capital inflows, seem to have been relatively well insulated against external disturbances. Subsequently, he uses the auto regressive distributed lag (ARDL) approach to co-integration to isolate the effects of the capital controls on the pass-through of external disturbances to domestic interest rates in those economies. The author concludes that there is evidence that the capital controls allowed for greater policy autonomy
Item Description:Weitere Ausgabe: David, Antonio C: Controls On Capital Inflows And External Shocks
Physical Description:1 Online-Ressource (26 Seiten)

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