Capital controls, policy measures used by governments to regulate cross-country financial flows, have become standard policy options in many emerging market economies. This paper will focus on what capital controls reveal about the state of the economy and the implications of such revelation for policy efficacy. Using a small open economy model with a collateral constraint and overborrowing relative to the social optimum, this paper incorporates a...
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Citation
Nie,Ou.
The Information Content of Capital Controls (English). Policy Research working paper|no. WPS 9343 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/864531596112858742