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

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dc.contributor.authorDavid, Antonio C.
dc.date.accessioned2012-06-05T22:18:10Z
dc.date.available2012-06-05T22:18:10Z
dc.date.issued2007-03
dc.description.abstractThe 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, capital controls succeeded in reducing net short-term capital flows but did not affect long-term flows. As far as Colombia is concerned, the regulations were capable of affecting total flows and also long-term ones. In addition, the co-integration models indicate that the regulations did not have a direct effect on the real exchange rate in the Chilean case. Nonetheless, the model used for Colombia did detect a direct impact of the capital controls on the real exchange rate. Therefore, the results do not seem to support the idea that those regulations were easily evaded.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/03/7471923/price-based-capital-account-regulations-effective-developing-countries
dc.identifier.doi10.1596/1813-9450-4175
dc.identifier.urihttps://hdl.handle.net/10986/7208
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4175
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCELERATOR
dc.subjectADMINISTRATIVE CAPITAL
dc.subjectARBITRAGE
dc.subjectASYMMETRIC INFORMATION
dc.subjectBALANCE OF PAYMENTS
dc.subjectBALANCE SHEETS
dc.subjectBANK LOANS
dc.subjectBANKRUPTCY
dc.subjectBOUNDED RATIONALITY
dc.subjectBUSINESS CYCLE
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT CONVERTIBILITY
dc.subjectCAPITAL ACCOUNT POLICIES
dc.subjectCAPITAL ACCOUNT RESTRICTIONS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOW
dc.subjectCAPITAL FLOW REVERSALS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL INFLOW
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL MARKETS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ANALYSIS
dc.subjectCOUNTRY RISK
dc.subjectCURRENCY CRISES
dc.subjectCURRENCY RISK
dc.subjectCURRENT EXCHANGE RATE
dc.subjectCYCLICAL COMPONENT
dc.subjectDEPOSIT REQUIREMENT
dc.subjectDEPOSIT REQUIREMENTS
dc.subjectDEPOSITS
dc.subjectDEVELOPING COUNTRIES
dc.subjectDOMESTIC INTEREST RATE
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC PRICES
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectELASTICITY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectEMPIRICAL EVIDENCE
dc.subjectENDOGENOUS VARIABLES
dc.subjectEXCHANGE RATE DEPRECIATION
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXOGENOUS VARIABLES
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL ENVIRONMENT
dc.subjectEXTERNAL SHOCKS
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL INSTRUMENTS
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL LIBERALIZATION
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL VOLATILITY
dc.subjectFOREIGN ASSETS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN CURRENCY DEBT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INTEREST RATE
dc.subjectFOREIGN INTEREST RATES
dc.subjectFOREIGN INVESTOR
dc.subjectGDP
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT SPENDING
dc.subjectHIGH INTEREST RATES
dc.subjectHIGH RESERVE REQUIREMENTS
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE DIFFERENTIALS
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL CAPITAL FLOWS
dc.subjectINTERNATIONAL CAPITAL MARKETS
dc.subjectLIBERALIZATION OF CAPITAL
dc.subjectLIQUIDITY
dc.subjectLONG TERM
dc.subjectMACROECONOMIC EFFECTS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMACROECONOMICS
dc.subjectMONETARY POLICY
dc.subjectMORAL HAZARD
dc.subjectNET CAPITAL
dc.subjectNET CAPITAL FLOWS
dc.subjectNET FLOWS
dc.subjectNET FOREIGN ASSETS
dc.subjectOPPORTUNITY COST
dc.subjectPENSION FUNDS
dc.subjectPOLICY RESEARCH
dc.subjectPRIVATE CAPITAL
dc.subjectPRIVATE CAPITAL FLOWS
dc.subjectPRIVATE SECTOR
dc.subjectREAL EXCHANGE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE APPRECIATION
dc.subjectREAL EXCHANGE RATE OVERVALUATION
dc.subjectREAL EXCHANGE RATES
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVE REQUIREMENTS
dc.subjectRETURN DIFFERENTIALS
dc.subjectRISK PREMIUM
dc.subjectSHORT-TERM CAPITAL
dc.subjectSHORT-TERM CAPITAL INFLOWS
dc.subjectTRADE BALANCE
dc.titleAre Price-Based Capital Account Regulations Effective in Developing Countries?en
dspace.entity.typePublication
okr.crossref.titleAre Price-Based Capital Account Regulations Effective In Developing Countries ?
okr.date.doiregistration2025-04-10T10:42:34.178411Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/03/7471923/price-based-capital-account-regulations-effective-developing-countries
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTrade and Competitiveness
okr.guid977661468019758086
okr.identifier.doi10.1596/1813-9450-4175
okr.identifier.externaldocumentum000016406_20070320112809
okr.identifier.internaldocumentum7471923
okr.identifier.reportWPS4175
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/03/20/000016406_20070320112809/Rendered/PDF/wps4175.pdfen
okr.region.administrativeLatin America and Caribbean
okr.region.countryColombia
okr.region.countryChile
okr.topicEconomic Theory and Research
okr.topicMacroeconomics and Economic Growth::Macroeconomic Management
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicInternational Economics and Trade::Capital Flows
okr.topicInternational Economics and Trade
okr.unitDevelopment Research Group (DECRG)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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