Capital Controls: Country Experiences with Their Use and Liberalization

By A. Ariyoshi, Andrei A. Kirilenko, Inci Ötker, Bernard J. Laurens, J. Kriljenko, K. Habermeier. 2000

342 citations recorded by the source corpus.

Subfields: Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/1547dfa7a127e250ad907b704dd9d4012fa0b079

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Citations in the corpus

Not Your Grandfather’s IMF: Global Crisis, ‘Productive Incoherence’ and Developmental Policy Space (significantly revised) (2011, background): “Permissible controls were those that were temporary, market-friendly, focused on capital inflows, and were introduced only when the economy’s fundamentals were mostly sound and the rest of the economy was liberalized [Prasad et al., 2003; Ariyoshi et al., 2000].”
Capital Account Liberalization : What Do Cross-Country Studies Tell Us? (2001, background): “This is a theme of Ariyoshi et al. (2000). 11 tend to be imposed and removed as part of a larger package of policy measures.”
Capital Controls and the International Transmission of U.S. Money Shocks (2003, background): “An IMF collection of fourteen country case studies involving capital account liberalization (Ariyoshi et al. (2000)) concludes that capital controls cannot act as a substitute for sound macroeconomic policy, but also acknowledges that controls cannot be easily dismissed as a bu¤er to external shocks”
Financial Globalization and Economic Policies (2009, neutral): “Using broader measures of financial openness, Prasad, Rajan, and Subramanian (2007) find evidence of high/low interaction effects among nonindustrial countries while Kraay (1998) and Arteta et al. (2003) find little evidence of interaction effects.”
Benefits and Costs of International Financial Integration: Theory and Facts (2001, background): “Without a doubt, maintaining the effectiveness of any type of restrictions on capital movements beyond the short term has proved very difficult in practice (see Ariyoshi et al. (2000), and Kaminsky and Schmukler (2001)).”
Living with Flexible Exchange Rates: Issues and Recent Experience in Inflation Targeting Emerging Market Economies (2003, neutral): “For example, Ariyoshi et al (2000) provide an extensive survey of the use and liberalisation of capital controls.”
Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies (2010, background): “The effects of the controls in these and other episodes have been the focus of a multitude of studies; see for example the overviews by Ariyoshi et al (1999) and Magud et al (2007).”
One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smalles Traded Firms (2003, neutral): “See Gallego et al. (1999), Simone and Sorsa (1999), and Ariyoshi et al. (2000) for detailed information on this evolution of capital account restrictions. as capital flows to emerging markets dwindled, the encaje was suspended.”