| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w7645 |
| 来源ID | Working Paper 7645 |
| Controls on Capital Inflows: Do they Work? | |
| Jose De Gregorio; Sebastian Edwards; Rodrigo O. Valdes | |
| 发表日期 | 2000-04-01 |
| 出版年 | 2000 |
| 语种 | 英语 |
| 摘要 | This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it is difficult to pin down long-run effects. Although after the unremunerated reserve requirement was introduced there was an increase in the interest rate differential, the econometric evidence does not show it has a significant long-run effect on interest rate differentials. There are also no effects on the real exchange rate. However, the more persistent and significant effect is on the composition of capital inflows, tilting composition toward longer maturity. |
| 主题 | International Economics ; International Factor Mobility ; International Finance |
| URL | https://www.nber.org/papers/w7645 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/565200 |
| 推荐引用方式 GB/T 7714 | Jose De Gregorio,Sebastian Edwards,Rodrigo O. Valdes. Controls on Capital Inflows: Do they Work?. 2000. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w7645.pdf（274KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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