Are Price-Based Capital Account Regulations Effective in Developing Countries?

Are Price-Based Capital Account Regulations Effective in Developing Countries?

The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis,...

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Bibliographic Details
Main Author: David, Antonio C.
Format: Policy Research Working Paper
Language:English
Published: World Bank, Washington, DC 2012
Subjects:
ACCELERATOR
ADMINISTRATIVE CAPITAL
ARBITRAGE
ASYMMETRIC INFORMATION
BALANCE OF PAYMENTS
BALANCE SHEETS
BANK LOANS
BANKRUPTCY
BOUNDED RATIONALITY
BUSINESS CYCLE
CAPITAL ACCOUNT
CAPITAL ACCOUNT CONVERTIBILITY
CAPITAL ACCOUNT POLICIES
CAPITAL ACCOUNT RESTRICTIONS
CAPITAL CONTROLS
CAPITAL FLOW
CAPITAL FLOW REVERSALS
CAPITAL FLOWS
CAPITAL GAINS
CAPITAL INFLOW
CAPITAL INFLOWS
CAPITAL MARKETS
CAPITAL OUTFLOWS
CENTRAL BANK
CENTRAL BANKS
COMMERCIAL BANKS
COMPARATIVE ANALYSIS
COUNTRY RISK
CURRENCY CRISES
CURRENCY RISK
CURRENT EXCHANGE RATE
CYCLICAL COMPONENT
DEPOSIT REQUIREMENT
DEPOSIT REQUIREMENTS
DEPOSITS
DEVELOPING COUNTRIES
DOMESTIC INTEREST RATE
DOMESTIC INTEREST RATES
DOMESTIC PRICES
ECONOMETRIC ANALYSIS
ECONOMETRICS
ECONOMIC ACTIVITY
ELASTICITY
EMERGING ECONOMIES
EMERGING MARKETS
EMPIRICAL EVIDENCE
ENDOGENOUS VARIABLES
EXCHANGE RATE DEPRECIATION
EXCHANGE RATE REGIME
EXOGENOUS VARIABLES
EXTERNAL DEBT
EXTERNAL ENVIRONMENT
EXTERNAL SHOCKS
FINANCIAL INSTITUTIONS
FINANCIAL INSTRUMENTS
FINANCIAL INTEGRATION
FINANCIAL INTERMEDIARIES
FINANCIAL LIBERALIZATION
FINANCIAL MARKET
FINANCIAL STATEMENTS
FINANCIAL VOLATILITY
FOREIGN ASSETS
FOREIGN CURRENCY
FOREIGN CURRENCY DEBT
FOREIGN EXCHANGE
FOREIGN INTEREST RATE
FOREIGN INTEREST RATES
FOREIGN INVESTOR
GDP
GOVERNMENT EXPENDITURES
GOVERNMENT SPENDING
HIGH INTEREST RATES
HIGH RESERVE REQUIREMENTS
INTEREST RATE
INTEREST RATE DIFFERENTIALS
INTEREST RATES
INTERNATIONAL CAPITAL
INTERNATIONAL CAPITAL FLOWS
INTERNATIONAL CAPITAL MARKETS
LIBERALIZATION OF CAPITAL
LIQUIDITY
LONG TERM
MACROECONOMIC EFFECTS
MACROECONOMIC ENVIRONMENT
MACROECONOMIC PERFORMANCE
MACROECONOMIC POLICY
MACROECONOMIC VOLATILITY
MACROECONOMICS
MONETARY POLICY
MORAL HAZARD
NET CAPITAL
NET CAPITAL FLOWS
NET FLOWS
NET FOREIGN ASSETS
OPPORTUNITY COST
PENSION FUNDS
POLICY RESEARCH
PRIVATE CAPITAL
PRIVATE CAPITAL FLOWS
PRIVATE SECTOR
REAL EXCHANGE
REAL EXCHANGE RATE
REAL EXCHANGE RATE APPRECIATION
REAL EXCHANGE RATE OVERVALUATION
REAL EXCHANGE RATES
RESERVE
RESERVE REQUIREMENT
RESERVE REQUIREMENTS
RETURN DIFFERENTIALS
RISK PREMIUM
SHORT-TERM CAPITAL
SHORT-TERM CAPITAL INFLOWS
TRADE BALANCE
Online Access:http://documents.worldbank.org/curated/en/2007/03/7471923/price-based-capital-account-regulations-effective-developing-countries
http://hdl.handle.net/10986/7208

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