Capital Flow Deflection is popular PDF and ePub book, written by Paolo Giordani in 2014-08-08, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Capital Flow Deflection can be Read Online from any device for your convenience.
Capital Flow Deflection Book PDF Summary
This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection may lead to a policy response. We then test the theory using data on inflow restrictions and gross capital inflows for a large sample of developing countries between 1995 and 2009. Our estimation yields strong evidence that capital controls deflect capital flows to other borrowing countries with similar economic characteristics. Notwithstanding these strong cross-border spillover effects, we do not find evidence of a policy response.
Detail Book of Capital Flow Deflection PDF
- Author : Paolo Giordani
- Release : 08 August 2014
- Publisher : International Monetary Fund
- ISBN : 9781498317498
- Genre : Business & Economics
- Total Page : 47 pages
- Language : English
- PDF File Size : 20,8 Mb
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