Are price-based capital account regulations effective in developing countries ? (English)

The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis, capital controls succeeded in reducing net short-term capital flows but did not affect long-term flows. As far as Colombia is concerned, the regulations were capable of affecting total flows and also long-term...

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Author

David,Antonio C.;
Document Date
2007/03/01
Document Type
Policy Research Working Paper
Report Number
WPS4175
Volume No
1
Total Volume(s)
1
Country
Colombia, Chile,
Region
Latin America and Caribbean,
Disclosure Date
2010/07/01
Disclosure Status
Disclosed
Doc Name
Are price-based capital account regulations effective in developing countries ?
Keywords
capital flow

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Citation

David,Antonio C..

Are price-based capital account regulations effective in developing countries ? (English). Policy, Research working paper ; no. WPS 4175 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/977661468019758086

Are price-based capital account regulations effective in developing countries ? (English)

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