Short and Long-Run Integration : Do Capital Controls Matter?

The authors study whether capital controls affect the link between domestic and foreign stock market prices and interest rates. To examine the characteristics of international market integration and the effects of capital controls in the short and...

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Bibliographic Details
Main Authors:	Kaminsky, Graciela, Schmukler, Sergio L.
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AMERICAN DEPOSITORY RECEIPTS ARBITRAGE ASSET MARKETS ASYMMETRIC INFORMATION AUCTIONS AUTHORIZED BANKS AUTONOMOUS MONETARY POLICY AUTONOMY BALANCE OF PAYMENTS BANK DEPOSITS BANKING CRISIS BOND MARKETS BONDS BORROWING CAPITAL ACCOUNT CAPITAL ACCOUNT LIBERALIZATION CAPITAL ADEQUACY CAPITAL CONTROLS CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOWS CAPITAL MARKETS CAPITAL MOBILITY CAPITAL MOVEMENTS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS COUNTRY COMPARISONS CURRENT ACCOUNT CYCLICAL BEHAVIOR DEBT DEPOSIT REQUIREMENTS DERIVATIVE MARKETS DESTABILIZING EFFECT DEVELOPING COUNTRIES DIVIDENDS DOMESTIC BANKS DOMESTIC CURRENCIES DOMESTIC CURRENCY DOMESTIC ECONOMY DOMESTIC FINANCIAL INSTITUTIONS DOMESTIC FINANCIAL MARKETS DOMESTIC INTEREST RATES DOMESTIC INVESTORS EMERGING ECONOMIES EMERGING MARKETS EXCHANGE ARRANGEMENTS EXCHANGE CONTROLS EXCHANGE RATE EXCHANGE RATES EXCHANGE RESTRICTIONS EXPECTED RETURNS EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL SHOCKS FINANCE COMPANIES FINANCIAL CONTROLS FINANCIAL CRISES FINANCIAL CYCLES FINANCIAL DEVELOPMENT FINANCIAL INSTABILITY FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL LIBERALIZATION FINANCIAL LOANS FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL REPRESSION FINANCIAL SUPPORT FINANCIAL SYSTEMS FINANCIAL TRANSACTIONS FIXED INCOME FOREIGN BORROWING FOREIGN CAPITAL FOREIGN CURRENCY FOREIGN CURRENCY BORROWING FOREIGN DEBT FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN INVESTMENT FOREIGN INVESTORS FOREIGN LOAN FOREIGN LOANS FOREIGN MARKETS FOREIGN SPECULATORS FOREIGN STOCK FREE CAPITAL MOBILITY FUTURE RESEARCH GLOBALIZATION OF CAPITAL MARKETS GOVERNMENT BONDS HOT MONEY INCOME INDUSTRIAL COUNTRIES INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL BANKING FACILITY INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL CAPITAL MOBILITY INTERNATIONAL FINANCIAL INTEGRATION INTERNATIONAL MARKETS LEGISLATION LIBERALIZATION EPISODE LOCAL BANKS MACROECONOMICS MATURITIES MONETARY AUTHORITIES MONETARY POLICY MONEY SUPPLY NET WORTH POLICY RESEARCH PORTFOLIO PRICE INDEXES PRIVATE SECTOR PRIVATIZATION RANDOM WALK REPATRIATION OF CAPITAL RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS STOCK EXCHANGE STOCK INDEX STOCK MARKET STOCK MARKET CYCLES STOCK MARKET INDEX STOCK MARKET INDEXES STOCK MARKETS STOCK PRICES SWAPS TAXATION TROUGH
Online Access:	http://documents.worldbank.org/curated/en/2001/08/1561500/short-long-run-integration-capital-controls-matter http://hdl.handle.net/10986/19570

Internet

http://documents.worldbank.org/curated/en/2001/08/1561500/short-long-run-integration-capital-controls-matter
http://hdl.handle.net/10986/19570

Short and Long-Run Integration : Do Capital Controls Matter?

Internet

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