Capital Controls: Myth and Reality, A Portfolio Balance Approach to Capital Controls

By Nicolás E. Magud, Carmen M. Reinhart, Kenneth S. Rogoff. 2007

328 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/fd662748af69a144808be0b7cc4a598355e0d5e6

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Citations in the corpus

Are All the Sacred Cows Dead? Implications of the Financial Crisis for Macro- and Financial Policies (2010, background): “Throughout, the focus is on 35 Magud et al (2007).”
Real exchange rate policies for economic development (2017, unknown): “…among others, several papers by the IMF (2011) and IMF experts (Ariyoshi et al. 2000; Ostry et al. 2010, 2011, 2012); the literature reviews of Magud and Reinhart (2007), Magud et al. (2011), Ocampo (2008) and Ocampo and Erten (2014); and the broad review of the debates on CARs in Gallagher (2014).”
A Theory of Capital Controls as Dynamic Terms-of-Trade Manipulation (2014, unknown): “…that is, to tax bonds with oneperiod maturity and leave long-term capital inflows unrestricted.9 This example provides a different perspective on why governments may try to alter the composition of capital flows in favor of longer maturity flows in practice ðsee Magud, Reinhart, and Rogoff 2011Þ.”
Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective (2015, unknown): “2 Historically, as documented by Magud et al. (2011), capital controls have been adopted for fear of capital flows reversal, fear of excessive risk taking, and to contain asset price bubbles.”
The new IMF approach to capital account management and its blind spots: lessons from Brazil and South Korea (2014, background): “…before (as many comparative case studies in the past have demonstrated; see for instance Ariyoshi et al. 2000; Herr and Priewe forthcoming; Magud, Reinhart, and Rogoff 2011) and after the global financial crisis (see, for instance, Klein 2012) indicate that designing these techniques is a…”
Keynes at the periphery: Currency hierarchy and challenges for economic policy in emerging economies (2017, background): “This is one of the main reasons why most East Asian 15The studies of Magud and Reinhart (2006) and Magud et al. (2011) stand out in the literature to measure the effectiveness of capital controls in emerging economies.”
Capital Flow Management Measures: What Are They Good For? (2014, unknown): “We also incorporate information from two papers on capital controls: Magud, Reinhart, and Rogoff (2011) and Reinhart, Kirkegaard, and Sbrancia (2011).”
Comparative assessment of macroprudential policies (2015, methodology): “Cross-country studies for years before 2009 nd limited e¤ectiveness of CFMs on the total volume of net capital ows but some e¤ects on the composition of capital ows (Magud et al (2011), Ostry et al (2010), Baba and Kokenyne (2011) and Gochoco-Bautista et al (2012)).”