Economic Effects and Structural Determinants of Capital Controls »
Journal Issue
Volume/Issue: 1995/31
Series: IMF Working Papers
Author(s): Vittorio Grilli , and Gian Milesi-Ferretti
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1995
DOI: http://dx.doi.org/10.5089/9781451844993.001
ISBN: 9781451844993
Keywords: capital controls, foreign exchange, real interest rates, capital mobility
This paper studies determinants and effects of capital controls using a panel of 61 developed and developing countries. The results suggest that capital account restrictions are more likely to be in place in countr...