Cover IMF Working Papers
Capital Control Measures: A New Dataset
Author: Andrés Fernández, Mr. Michael W Klein, Mr. Alessandro Rebucci, Mr. Martin Schindler, and Martin Uribe
Series:
IMF Working Papers
Volume/Issue:
Volume 2015: Issue 080
Language:
English
Publication Date:
22 Apr 2015
DOI:
https://doi.org/10.5089/9781484332177.001
ISBN:
9781484332177
ISSN:
1018-5941
Pages:
32
Keywords:
WP; capital control; outflow control; inflow control; capital control measures; capital flows; international financial integration; capital control indices; capital control data; capital account control; evolution of capital control; transactions control; capital control indicator; costs of capital control; disaggregate capital control category; Capital controls; Foreign direct investment; Financial derivatives; Personal income; Securities; Africa; Global
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IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this dataset includes additional asset categories, more countries, and a longer time period. The paper discusses in detail the construction of the dataset and characterizes the data with respect to the prevalence and correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of this dataset with other indicators of capital controls.
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund