haku: @author Larrain, F. / yhteensä: 4
viite: 2 / 4
| Tekijä: | Laban, R. Larrain, F. |
| Otsikko: | Can a liberalisation of capital outflows increase net capital inflows? |
| Lehti: | Journal of International Money and Finance
1997 : JUN, VOL. 16:3, p. 415-431 |
| Asiasana: | FINANCE CAPITAL ECONOMICS |
| Kieli: | eng |
| Tiivistelmä: | Facing massive capital inflows that put downward pressure on the real exchange rate, some policymakers and analysts have recommended a liberalisation of capital outflows. Empirically, however, the removal of capital outflow controls has apparently stimulated a net inflow of capital in several experiences, such as britain since 1979, Italy, New Zealand and Spain in the mid to late 1980s, and Colombia, Egypt and mexico in the 1990s. Numerous measures to liberalize capital outflows in Chile during the 1990s have not had a noticable effect in offsetting a surge of net capital inflows. |
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