Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia

Are Capital Controls Effective in the 21st Century? the Recent Experience of Colombia
This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but had no statistically significant impact on the volume of non- FDI flows as a whole. We find no evidence that restrictions to capital... READ MORE...

Publication date: February 2009
ISBN 9781451871777
$18.00

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