Are Price-Based Capital Account Regulations Effective in Developing Countries?

The author evaluates the effectiveness of policy measures adopted by Chile and Colombia, aiming to mitigate the deleterious effects of pro-cyclical capital flows. In the case of Chile, according to his Generalized Method of Moments (GMM) analysis,...

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Bibliographic Details
Main Author:	David, Antonio C.
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCELERATOR ADMINISTRATIVE CAPITAL ARBITRAGE ASYMMETRIC INFORMATION BALANCE OF PAYMENTS BALANCE SHEETS BANK LOANS BANKRUPTCY BOUNDED RATIONALITY BUSINESS CYCLE CAPITAL ACCOUNT CAPITAL ACCOUNT CONVERTIBILITY CAPITAL ACCOUNT POLICIES CAPITAL ACCOUNT RESTRICTIONS CAPITAL CONTROLS CAPITAL FLOW CAPITAL FLOW REVERSALS CAPITAL FLOWS CAPITAL GAINS CAPITAL INFLOW CAPITAL INFLOWS CAPITAL MARKETS CAPITAL OUTFLOWS CENTRAL BANK CENTRAL BANKS COMMERCIAL BANKS COMPARATIVE ANALYSIS COUNTRY RISK CURRENCY CRISES CURRENCY RISK CURRENT EXCHANGE RATE CYCLICAL COMPONENT DEPOSIT REQUIREMENT DEPOSIT REQUIREMENTS DEPOSITS DEVELOPING COUNTRIES DOMESTIC INTEREST RATE DOMESTIC INTEREST RATES DOMESTIC PRICES ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC ACTIVITY ELASTICITY EMERGING ECONOMIES EMERGING MARKETS EMPIRICAL EVIDENCE ENDOGENOUS VARIABLES EXCHANGE RATE DEPRECIATION EXCHANGE RATE REGIME EXOGENOUS VARIABLES EXTERNAL DEBT EXTERNAL ENVIRONMENT EXTERNAL SHOCKS FINANCIAL INSTITUTIONS FINANCIAL INSTRUMENTS FINANCIAL INTEGRATION FINANCIAL INTERMEDIARIES FINANCIAL LIBERALIZATION FINANCIAL MARKET FINANCIAL STATEMENTS FINANCIAL VOLATILITY FOREIGN ASSETS FOREIGN CURRENCY FOREIGN CURRENCY DEBT FOREIGN EXCHANGE FOREIGN INTEREST RATE FOREIGN INTEREST RATES FOREIGN INVESTOR GDP GOVERNMENT EXPENDITURES GOVERNMENT SPENDING HIGH INTEREST RATES HIGH RESERVE REQUIREMENTS INTEREST RATE INTEREST RATE DIFFERENTIALS INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL FLOWS INTERNATIONAL CAPITAL MARKETS LIBERALIZATION OF CAPITAL LIQUIDITY LONG TERM MACROECONOMIC EFFECTS MACROECONOMIC ENVIRONMENT MACROECONOMIC PERFORMANCE MACROECONOMIC POLICY MACROECONOMIC VOLATILITY MACROECONOMICS MONETARY POLICY MORAL HAZARD NET CAPITAL NET CAPITAL FLOWS NET FLOWS NET FOREIGN ASSETS OPPORTUNITY COST PENSION FUNDS POLICY RESEARCH PRIVATE CAPITAL PRIVATE CAPITAL FLOWS PRIVATE SECTOR REAL EXCHANGE REAL EXCHANGE RATE REAL EXCHANGE RATE APPRECIATION REAL EXCHANGE RATE OVERVALUATION REAL EXCHANGE RATES RESERVE RESERVE REQUIREMENT RESERVE REQUIREMENTS RETURN DIFFERENTIALS RISK PREMIUM SHORT-TERM CAPITAL SHORT-TERM CAPITAL INFLOWS TRADE BALANCE
Online Access:	http://hdl.handle.net/10986/7208

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http://hdl.handle.net/10986/7208

Are Price-Based Capital Account Regulations Effective in Developing Countries?

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