The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments : Empirical Estimates and Policy Implications

Empirical Estimates and Policy Implications

The Impact of Controlson Capital Movementson the Private Capital Accounts of Countries' Balance of Payments : Empirical Estimates and Policy Implications
This paper reports research on the impact of controls on capital movements on the private capital accounts of countries' balance of payments using data drawn from 52 countries for the period 1985-92. The results indicate that: (1) capital controls operated by developing countries have not been effective in insulating the private capital accounts... READ MORE...

Publication date: July 1994
ISBN 9781451956207
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