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This paper addresses the potential gains and risks of open capital markets by first looking at...

A bivariate vector-autoregression (VAR) model is used to test causal relations between the...

This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging...

This Selected Issues paper for Paraguay discusses how capital inflows contributed to credit...

This paper estimates the effectiveness of capital controls in response to inflow surges in...

The paper makes an assessment of the progress made in developing local debt markets in emerging...