Capital Controls: When and Why?
By Jonathan D. Ostry, Atisha Ghosh, M. Chamon, Mahvash S. Qureshi. 2011
136 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/f25fdd25055432282c8a6bd5f1e696da3c635bd8
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Citations in the corpus
- Determinants of capital structure: evidence from a major developing economy (2014, unknown): “…for developing economies, particularly for those with low saving rates such as Turkey,16 they can also lead to economic overheating, excessive currency appreciation, or pressures in particular sectors of the economy, such as sectoral credit booms or asset price bubbles (Ostry et al. 2011).”
- Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence (2015, unknown): “…clear evolution of views regarding the use capital controls, moving from the notion that they should typically be avoided to the notion that, together with other instruments, they can be appropriate tools to respond to capital inflows, e.g., Ostry et al. (2010), Ostry et al. (2011), and IMF (2012).”
- A Tie That Binds: Revisiting the Trilemma in Emerging Market Economies (2017, unknown): “…also suggests that the insulation is not perfect: global financial conditions get transmitted to macroeconomic conditions even under flexible exchange rates, underscoring the utility of complementary policy tools to achieve macrofinancial goals (Ostry et al., 2010, 2011; Obstfeld, 2014; Rey, 2015).”
- Capital Control Measures: A New Dataset (2015, unknown): “the index developed by Quinn (1997) attempts to capture the intensity of enforcement of controls on both the capital account and the current account based on the narrative portion of the AREAER reports, using a five-point scale.”
- Capital Controls: Theory and Evidence (2019, unknown): “For instance, while Klein (2012) uses only lagged values of capital controls to partially address this issue, Ostry et al. (2012) use lagged values together with an instrumental variables strategy. In particular, they use two instruments—bilateral investment treaties with the United States and the E”
- The new IMF approach to capital account management and its blind spots: lessons from Brazil and South Korea (2014, background): “Instead of a functional concept, this jurisdictional definition, first introduced by Ostry et al. (2011a, 11) and used in all subsequent IMF publications on the issue, was proposed by the OECD in its Code of Liberalization of Capital Movements (2009).”