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| Author: | Reinhart, C. M. Smith, R. T. |
| Title: | Temporary controls on capital inflows |
| Journal: | Journal of International Economics
2002 : AUG, VOL. 57:2, p. 327-351 |
| Index terms: | BORROWING CAPITAL FLOWS CONTROL FOREIGN DEBTS |
| Language: | eng |
| Abstract: | During the past decade a number of countries imposed capital controls that had two distinguishing features: they were asymmetric, in that they were designed principally to discourage capital inflows, and they were temporary. This paper studies formally the consequences of these policies, calibrates their potential effectiveness, and assesses their welfare implications in an environment in which the level of capital inflows can be sub-optimal. |
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