Series: IMF Working Papers
Author(s): Anton Korinek
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2011
Keywords: financial crises, balance sheet effects, pecuniary externalities, capital controls, capital inflows, capital flows, domestic agents, New Economics of Capital Controls,
This paper provides an introduction to the new economics of prudential capital controls in emerging economies. This literature is based on the notion that there are externalities associated with financial crises be...