Capital Inflows: The Role of Controls (Entradas de Capital: El Papel de los Controles) (Spanish)

By Jonathan D. Ostry, Atisha Ghosh, K. Habermeier, M. Chamon, Mahvash S. Qureshi, Dennis Reinhardt. 2010

728 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/4164a00822e0ec063994a07a1764735ff9d19d45

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

In Strategy and Management

Citations in the corpus

Overborrowing and systemic externalities in the business cycle (2009, background): “A recent International Monetary Fund (IMF) Staff Position Note by Ostry et al. (2010) emphasizes the benefits experienced by emerging markets from the recent use of reserve requirements, although some controversy remains in the literature.”
Dealing with the Trilemma: Optimal Capital Controls with Fixed Exchange Rates (2012, neutral): “Adrien Auclert and Nicolas Caramp provided excellent research assistance. capital controls (Ostry et al., 2010), we still lack a benchmark model to answer these macrostabilization questions.”
Reforming the International Monetary System (2011, neutral): “Institutions like the IMF now recognize the merits of targeted and temporary controls, especially during phases of heavy capital flows (Ostry et al. 2010).”
Taxing Financial Transactions: Issues and Evidence (2011, background): “For a recent analysis of foreign exchange controls, see Ostry et al. (2010).”
Managing Capital Inflows: What Tools to Use? (2011, background): “In an earlier note (Ostry et al., 2010), we laid out a set of circumstances under which capital controls—by which we mean restrictive measures that discriminate on the basis of the residency of the parties to a capital transaction—could usefully form part of the policy response to capital inflow…”
Comparative assessment of macroprudential policies (2015, methodology): “Ostry et al (2010) also provide a survey on the e¤ectiveness of capital controls prior to 2009 and summarise that capital controls were more successful in altering the composition of ows to a country than in changing the aggregate volume, except in the very short run.”
Capital Control Measures: A New Dataset (2015, neutral): “3 Examples of IMF studies include Ostry et al. (2010) and Ostry et al. (2011). The article in The Economist appeared in the April 7, 2011 issue.”
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (2011, neutral): “In order to finance their investments, 3See, among many others, Ostry et al (2010).”
Not Your Grandfather’s IMF: Global Crisis, ‘Productive Incoherence’ and Developmental Policy Space (significantly revised) (2011, background): “In February 2010 IMF economists (Ostry et al., 2010) reached far beyond the Fund’s public statements or practice to date in regards to controls on inflows.”
Macroprudential Policy - A Literature Review (2012, neutral): “8 macroprudential tools per se but rather as measures that can buttress prudential regulations (Ostry et al, 2010).”
Managing credit booms and busts: A Pigouvian taxation approach (2019, background): “The o¢ cial conventional wisdom seems to be that countries should respond to a capital in(cid:135)ow (cid:133)rst by accumulating precautionary reserves, and with capital controls only as a second line of defense if the (cid:133)rst policy is insu¢ cient (Ostry et al, 2010).”
Capital controls in Brazil: effective? (2016, background): “Recent papers have shown capital controls may play a useful role in managing the macroeconomic and prudential risks associated with flows (e.g. Ostry et al 2010, 2012, Korinek 2011, Rey 2013 and Engel 2013).”