The New Economics of Prudential Capital Controls: A Research Agenda

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Capital Account Policies and the Real Exchange Rate (2012, unknown): “The main vehicle for households’ and firms’ financial saving is bank deposits, which have amounted to about 140 percent of GDP on average in the 2000s, and have been increasing over time.”
Two Targets, Two Instruments: Monetary and Exchange Rate Policies in Emerging Market Economies (2012, background): “While the first-best solution may be to prevent such over-exposure in the first place, once it exists (for instance, because the government was unable or unwilling to impose capital controls), exchange rate movements may have amplified effects (Korinek, 2011).”
Capital Controls: Gates versus Walls (2012, unknown): “…and capital controls, which may be decried as interfering in the operation of international asset markets. michael w. klein 323 Recent theoretical research (surveyed by Korinek 2011) has considered how episodic capital controls could contribute to financial stability and prevent boom-bust cycles.”
Real exchange rate policies for economic development (2017, unknown): “The large and growing literature on macroeconomic externalities (Jeanne and Korinek, 2010; Korinek, 2010, 2011) emphasizes that because of these externalities, there is no presumption that market determined exchange rates have optimality properties.”