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Capital Controls and the Cost of Debt Book PDF Summary

Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically meaningful increase in corporate bond spreads. A number of heterogeneities suggest that the effect of capital controls on inflows is particularly strong for more financially constrained firms, establishing a novel channel through which capital controls affect economic outcomes. By contrast, we do not find a robust significant effect of restrictions on outflows.

Detail Book of Capital Controls and the Cost of Debt PDF

Capital Controls and the Cost of Debt
  • Author : Eugenia Andreasen
  • Release : 09 June 2017
  • Publisher : International Monetary Fund
  • ISBN : 9781484303313
  • Genre : Business & Economics
  • Total Page : 26 pages
  • Language : English
  • PDF File Size : 7,6 Mb

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