Publication:
Controls on Capital Inflows and External Shocks

dc.contributor.author David, Antonio C.
dc.date.accessioned 2012-06-06T14:47:42Z
dc.date.available 2012-06-06T14:47:42Z
dc.date.issued 2007-03
dc.description.abstract The 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.identifier http://documents.worldbank.org/curated/en/2007/03/7471947/controls-capital-inflows-external-shocks
dc.identifier.uri http://hdl.handle.net/10986/7235
dc.language English
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Policy Research Working Paper; No. 4176
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject ARBITRAGE
dc.subject BALANCE SHEETS
dc.subject BONDS
dc.subject CAPITAL ACCOUNT
dc.subject CAPITAL ACCOUNT POLICIES
dc.subject CAPITAL ACCOUNT RESTRICTIONS
dc.subject CAPITAL CONTROLS
dc.subject CAPITAL FLOWS
dc.subject CAPITAL GAINS
dc.subject CAPITAL INFLOW
dc.subject CAPITAL INFLOWS
dc.subject CAPITAL OUTFLOWS
dc.subject CENTRAL BANK
dc.subject CENTRAL BANKS
dc.subject COMPOSITION OF CAPITAL INFLOWS
dc.subject CONSUMER PRICE INDEX
dc.subject COUNTRY RISK
dc.subject CREDIT EXPANSION
dc.subject CRISIS EPISODES
dc.subject CURRENCY CRISES
dc.subject CURRENCY MISMATCH
dc.subject CURRENCY REGIME
dc.subject CURRENCY RISK
dc.subject CURRENT ACCOUNT
dc.subject CURRENT ACCOUNT DEFICITS
dc.subject CYCLICAL COMPONENT
dc.subject DEPOSIT INTEREST
dc.subject DEPOSIT INTEREST RATES
dc.subject DEPOSIT RATE
dc.subject DEPOSIT REQUIREMENT
dc.subject DEVELOPING COUNTRIES
dc.subject DEVELOPMENT ECONOMICS
dc.subject DOMESTIC ECONOMY
dc.subject DOMESTIC INFLATION
dc.subject DOMESTIC INTEREST RATE
dc.subject DOMESTIC INTEREST RATES
dc.subject DOMESTIC RESIDENTS
dc.subject ECONOMETRICS
dc.subject ECONOMIC ACTIVITY
dc.subject ECONOMIC REVIEW
dc.subject ECONOMIC SITUATION
dc.subject ECONOMIC VOLATILITY
dc.subject EMERGING ECONOMIES
dc.subject EMERGING MARKETS
dc.subject ENDOGENOUS VARIABLES
dc.subject EXCHANGE RATE REGIME
dc.subject EXCHANGE RATES
dc.subject EXCHANGE-RATE
dc.subject EXOGENOUS VARIABLES
dc.subject EXPORTS
dc.subject EXTERNAL DEBT
dc.subject EXTERNAL DISTURBANCES
dc.subject EXTERNAL SHOCKS
dc.subject EXTERNALITY
dc.subject FEDERAL RESERVE BANK
dc.subject FEDERAL RESERVE BOARD
dc.subject FEDERAL RESERVE SYSTEM
dc.subject FINANCIAL CONTAGION
dc.subject FINANCIAL CRISES
dc.subject FINANCIAL CYCLES
dc.subject FINANCIAL FRAGILITY
dc.subject FINANCIAL INTEGRATION
dc.subject FINANCIAL INTERMEDIARIES
dc.subject FINANCIAL MARKET
dc.subject FINANCIAL MARKETS
dc.subject FOREIGN CURRENCY
dc.subject FOREIGN EXCHANGE
dc.subject FOREIGN EXCHANGE MARKET
dc.subject FOREIGN INTEREST RATE
dc.subject FOREIGN INTEREST RATES
dc.subject FOREIGN INVESTORS
dc.subject FOREIGN RATES
dc.subject FOREIGN RESERVES
dc.subject FOREIGN SHOCKS
dc.subject GLOBAL TRANSMISSION OF INTEREST RATES
dc.subject GLOBALIZATION OF SECURITIES MARKETS
dc.subject HIGH INFLATION
dc.subject HOT MONEY
dc.subject INFLATION RATE
dc.subject INTERNATIONAL CAPITAL
dc.subject INTERNATIONAL FINANCE
dc.subject INTERNATIONAL FINANCIAL MARKETS
dc.subject INTERNATIONAL FINANCIAL STATISTICS
dc.subject INTERNATIONAL INVESTORS
dc.subject INTERNATIONAL MARKETS
dc.subject INTERNATIONAL RESERVES
dc.subject LATIN AMERICAN
dc.subject LIQUIDITY
dc.subject MACROECONOMIC POLICIES
dc.subject MACROECONOMIC VARIABLES
dc.subject MACROECONOMICS
dc.subject MONETARY POLICY
dc.subject MORAL HAZARD
dc.subject MULTIPLE EQUILIBRIA
dc.subject NOMINAL EXCHANGE RATE
dc.subject OPEN ECONOMIES
dc.subject OPEN ECONOMY
dc.subject OPPORTUNITY COST
dc.subject OVERVALUATION
dc.subject POLICY RESEARCH
dc.subject PORTFOLIOS
dc.subject REAL EXCHANGE
dc.subject REAL EXCHANGE RATE
dc.subject REAL EXCHANGE RATE APPRECIATION
dc.subject REAL EXCHANGE RATE OVERVALUATION
dc.subject REAL INTEREST
dc.subject REAL INTEREST RATE
dc.subject REAL TERMS
dc.subject RESERVE
dc.subject RESERVE REQUIREMENT
dc.subject RESERVE REQUIREMENTS
dc.subject RISK AVERSION
dc.subject RISK PREMIA
dc.subject RISK PREMIUM
dc.subject SHORT-TERM CAPITAL
dc.subject SHORT-TERM CAPITAL INFLOWS
dc.subject SHORT-TERM DEBT
dc.subject SIDE EFFECTS
dc.subject T-BILLS
dc.subject TRANSMISSION MECHANISM
dc.title Controls on Capital Inflows and External Shocks en
dspace.entity.type Publication
okr.doctype Publications & Research :: Policy Research Working Paper
okr.doctype Publications & Research
okr.docurl http://documents.worldbank.org/curated/en/2007/03/7471947/controls-capital-inflows-external-shocks
okr.globalpractice Macroeconomics and Fiscal Management
okr.globalpractice Trade and Competitiveness
okr.identifier.doi 10.1596/1813-9450-4176
okr.identifier.externaldocumentum 000016406_20070320113609
okr.identifier.internaldocumentum 7471947
okr.identifier.report WPS4176
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/03/20/000016406_20070320113609/Rendered/PDF/wps4176.pdf en
okr.region.administrative Latin America & Caribbean
okr.region.country Colombia
okr.region.country Chile
okr.topic Economic Theory and Research
okr.topic Macroeconomics and Economic Growth :: Macroeconomic Management
okr.topic Macroeconomics and Economic Growth :: Financial Economics
okr.topic Macroeconomics and Economic Growth :: Economic Stabilization
okr.topic International Economics and Trade :: Capital Flows
okr.topic International Economics and Trade
okr.unit Development Research Group (DECRG)
okr.volume 1 of 1
relation.isSeriesOfPublication 26e071dc-b0bf-409c-b982-df2970295c87
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