Services on Demand
Journal
Article
Indicators
- Cited by SciELO
- Access statistics
Related links
- Similars in SciELO
Share
EconoQuantum
On-line version ISSN 2007-9869Print version ISSN 1870-6622
Abstract
CRUZ, Moritz and CASARREAL, Jorge. Evaluando la efectividad de los controles de capital: La experiencia reciente. EconoQuantum [online]. 2016, vol.13, n.2, pp.99-119. ISSN 2007-9869.
Recently, as a result of the new wave of capital inflows, some countries, like Brazil, Korea and Thailand, implemented capital controls. In this paper, we attempt to evaluate their effectiveness using a difference-in-difference specification. Our results are mixed. For Korea and Thailand, for example, capital controls resulted to be effective. The contrary occurs in the case of Brazil. The results also indicate that capital controls affect other economic variables. Their effectiveness, in sum, could be due to the sort and duration of the controls implemented.
Keywords : Capital flows; capital controls; policy evaluation.