Publication:
Controls on Capital Inflows and External Shocks

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dc.contributor.authorDavid, Antonio C.
dc.date.accessioned2012-06-06T14:47:42Z
dc.date.available2012-06-06T14:47:42Z
dc.date.issued2007-03
dc.description.abstractThe author attempts to analyze whether price-based controls on capital inflows are successful in insulating economies against external shocks. He presents results from vector auto regressive (VAR) models that indicate that Chile and Colombia, countries that adopted controls on capital inflows, seem to have been relatively well insulated against external disturbances. Subsequently, he uses the auto regressive distributed lag (ARDL) approach to co-integration to isolate the effects of the capital controls on the pass-through of external disturbances to domestic interest rates in those economies. The author concludes that there is evidence that the capital controls allowed for greater policy autonomy.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/03/7471947/controls-capital-inflows-external-shocks
dc.identifier.doi10.1596/1813-9450-4176
dc.identifier.urihttps://hdl.handle.net/10986/7235
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper; No. 4176
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectARBITRAGE
dc.subjectBALANCE SHEETS
dc.subjectBONDS
dc.subjectCAPITAL ACCOUNT
dc.subjectCAPITAL ACCOUNT POLICIES
dc.subjectCAPITAL ACCOUNT RESTRICTIONS
dc.subjectCAPITAL CONTROLS
dc.subjectCAPITAL FLOWS
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL INFLOW
dc.subjectCAPITAL INFLOWS
dc.subjectCAPITAL OUTFLOWS
dc.subjectCENTRAL BANK
dc.subjectCENTRAL BANKS
dc.subjectCOMPOSITION OF CAPITAL INFLOWS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCOUNTRY RISK
dc.subjectCREDIT EXPANSION
dc.subjectCRISIS EPISODES
dc.subjectCURRENCY CRISES
dc.subjectCURRENCY MISMATCH
dc.subjectCURRENCY REGIME
dc.subjectCURRENCY RISK
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT DEFICITS
dc.subjectCYCLICAL COMPONENT
dc.subjectDEPOSIT INTEREST
dc.subjectDEPOSIT INTEREST RATES
dc.subjectDEPOSIT RATE
dc.subjectDEPOSIT REQUIREMENT
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC INFLATION
dc.subjectDOMESTIC INTEREST RATE
dc.subjectDOMESTIC INTEREST RATES
dc.subjectDOMESTIC RESIDENTS
dc.subjectECONOMETRICS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC REVIEW
dc.subjectECONOMIC SITUATION
dc.subjectECONOMIC VOLATILITY
dc.subjectEMERGING ECONOMIES
dc.subjectEMERGING MARKETS
dc.subjectENDOGENOUS VARIABLES
dc.subjectEXCHANGE RATE REGIME
dc.subjectEXCHANGE RATES
dc.subjectEXCHANGE-RATE
dc.subjectEXOGENOUS VARIABLES
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL DISTURBANCES
dc.subjectEXTERNAL SHOCKS
dc.subjectEXTERNALITY
dc.subjectFEDERAL RESERVE BANK
dc.subjectFEDERAL RESERVE BOARD
dc.subjectFEDERAL RESERVE SYSTEM
dc.subjectFINANCIAL CONTAGION
dc.subjectFINANCIAL CRISES
dc.subjectFINANCIAL CYCLES
dc.subjectFINANCIAL FRAGILITY
dc.subjectFINANCIAL INTEGRATION
dc.subjectFINANCIAL INTERMEDIARIES
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL MARKETS
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFOREIGN INTEREST RATE
dc.subjectFOREIGN INTEREST RATES
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN RATES
dc.subjectFOREIGN RESERVES
dc.subjectFOREIGN SHOCKS
dc.subjectGLOBAL TRANSMISSION OF INTEREST RATES
dc.subjectGLOBALIZATION OF SECURITIES MARKETS
dc.subjectHIGH INFLATION
dc.subjectHOT MONEY
dc.subjectINFLATION RATE
dc.subjectINTERNATIONAL CAPITAL
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL FINANCIAL MARKETS
dc.subjectINTERNATIONAL FINANCIAL STATISTICS
dc.subjectINTERNATIONAL INVESTORS
dc.subjectINTERNATIONAL MARKETS
dc.subjectINTERNATIONAL RESERVES
dc.subjectLATIN AMERICAN
dc.subjectLIQUIDITY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMACROECONOMICS
dc.subjectMONETARY POLICY
dc.subjectMORAL HAZARD
dc.subjectMULTIPLE EQUILIBRIA
dc.subjectNOMINAL EXCHANGE RATE
dc.subjectOPEN ECONOMIES
dc.subjectOPEN ECONOMY
dc.subjectOPPORTUNITY COST
dc.subjectOVERVALUATION
dc.subjectPOLICY RESEARCH
dc.subjectPORTFOLIOS
dc.subjectREAL EXCHANGE
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATE APPRECIATION
dc.subjectREAL EXCHANGE RATE OVERVALUATION
dc.subjectREAL INTEREST
dc.subjectREAL INTEREST RATE
dc.subjectREAL TERMS
dc.subjectRESERVE
dc.subjectRESERVE REQUIREMENT
dc.subjectRESERVE REQUIREMENTS
dc.subjectRISK AVERSION
dc.subjectRISK PREMIA
dc.subjectRISK PREMIUM
dc.subjectSHORT-TERM CAPITAL
dc.subjectSHORT-TERM CAPITAL INFLOWS
dc.subjectSHORT-TERM DEBT
dc.subjectSIDE EFFECTS
dc.subjectT-BILLS
dc.subjectTRANSMISSION MECHANISM
dc.titleControls on Capital Inflows and External Shocksen
dspace.entity.typePublication
okr.crossref.titleControls On Capital Inflows And External Shocks
okr.date.doiregistration2025-04-10T09:33:59.532276Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2007/03/7471947/controls-capital-inflows-external-shocks
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeTrade and Competitiveness
okr.guid265781468242974002
okr.identifier.doi10.1596/1813-9450-4176
okr.identifier.externaldocumentum000016406_20070320113609
okr.identifier.internaldocumentum7471947
okr.identifier.reportWPS4176
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/03/20/000016406_20070320113609/Rendered/PDF/wps4176.pdfen
okr.region.administrativeLatin America & 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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