Do macroeconomic effects of capital controls vary by their type? : evidence from Malaysia /
This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital contro...
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C. :
International Monetary Fund, Policy Development and Review Dept.,
2004.
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| Series: | IMF working paper ;
WP/04/3. |
| Subjects: | |
| Online Access: |
Full text (Emmanuel users only) |
Table of Contents:
- I. INTRODUCTION; II. REVIEW OF LITERATURE; III. AN ALTERNATIVE MODEL OF SOVEREIGN DEBT CRISIS; IV. DEFAULTS VERSUS MARKET-BASED DEFINITION OF DEBT CRISES (PESSY); V. CONCLUSION; APPENDIX I. EXTREME- VALUE- THEORY APPROACH; APPENDIX II. KERNEL DENSITY ESTIMATION APPROACH; APPENDIX III. THE METROPOLIS-HASTING ALGORITHM.