| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w17363 |
| 来源ID | Working Paper 17363 |
| Managing Capital Inflows: The Role of Capital Controls and Prudential Policies | |
| Mahvash S. Qureshi; Jonathan D. Ostry; Atish R. Ghosh; Marcos Chamon | |
| 发表日期 | 2011-08-25 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | We examine whether macroprudential policies and capital controls can contribute to enhancing financial stability in the face of large capital inflows. We construct new indices of foreign currency (FX)-related prudential measures, domestic prudential measures, and financial-sector capital controls for 51 emerging market economies over the period 1995-2008. Our results indicate that both capital controls and FX-related prudential measures are associated with a lower proportion of FX lending in total domestic bank credit and a lower proportion of portfolio debt in total external liabilities. Other prudential policies appear to help restrain the intensity of aggregate credit booms. Experience from the global financial crisis suggests that prudential and capital control policies in place during the boom seem to have enhanced economic resilience during the bust. |
| 主题 | International Economics ; International Factor Mobility ; International Finance |
| URL | https://www.nber.org/papers/w17363 |
| 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/575037 |
| 推荐引用方式 GB/T 7714 | Mahvash S. Qureshi,Jonathan D. Ostry,Atish R. Ghosh,et al. Managing Capital Inflows: The Role of Capital Controls and Prudential Policies. 2011. |
| 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 | ||
| w17363.pdf（284KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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