Capital Flow Deflection:
Gespeichert in:
Bibliographische Detailangaben
Beteilige Person: Giordani, Paolo (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2014
Schriftenreihe:IMF Working Papers Working Paper No. 14/145
Links:http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
http://elibrary.imf.org/view/IMF001/21556-9781498383202/21556-9781498383202/21556-9781498383202.xml
Abstract:This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort international capital flows to other countries and that, in turn, such capital flow deflection may lead to a policy response. We then test the theory using data on inflow restrictions and gross capital inflows for a large sample of developing countries between 1995 and 2009. Our estimation yields strong evidence that capital controls deflect capital flows to other borrowing countries with similar economic characteristics. Notwithstanding these strong cross-border spillover effects, we do not find evidence of a policy response
Umfang:1 Online-Ressource (47 p)
ISBN:1498383203
9781498383202