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...
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DETALHES
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2007/03/01
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Documento de trabalho sobre pesquisa de políticas
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WPS4176
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1
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1
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2010/07/01
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Disclosed
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Controls on capital inflows and external shocks
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real exchange rate
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