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Capital Controls and the Cost of Debt

2017-06-15 Business & Economics
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Release : 2017-06-15
Genre : Business & Economics
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Book Rating : 997/5 ( reviews)

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Book Synopsis Capital Controls and the Cost of Debt by : Eugenia Andreasen

Download or read book Capital Controls and the Cost of Debt written by Eugenia Andreasen. This book was released on 2017-06-15. Available in PDF, EPUB and Kindle. Book excerpt: Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically meaningful increase in corporate bond spreads. A number of heterogeneities suggest that the effect of capital controls on inflows is particularly strong for more financially constrained firms, establishing a novel channel through which capital controls affect economic outcomes. By contrast, we do not find a robust significant effect of restrictions on outflows.

Capital Controls

2000-05-17 Business & Economics
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Release : 2000-05-17
Genre : Business & Economics
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Book Rating : 743/5 ( reviews)

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Book Synopsis Capital Controls by : Ms.Inci Ötker

Download or read book Capital Controls written by Ms.Inci Ötker. This book was released on 2000-05-17. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.

Capital controls, collection costs, and domestic public debt

1990
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Release : 1990
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Book Rating : /5 ( reviews)

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Book Synopsis Capital controls, collection costs, and domestic public debt by : Joshua Aizenman

Download or read book Capital controls, collection costs, and domestic public debt written by Joshua Aizenman. This book was released on 1990. Available in PDF, EPUB and Kindle. Book excerpt:

Capital Flight and Capital Controls in Developing Countries

2005-01-01 Business & Economics
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Release : 2005-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 058/5 ( reviews)

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Book Synopsis Capital Flight and Capital Controls in Developing Countries by : Gerald A. Epstein

Download or read book Capital Flight and Capital Controls in Developing Countries written by Gerald A. Epstein. This book was released on 2005-01-01. Available in PDF, EPUB and Kindle. Book excerpt: Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.

Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows

2009-09-01 Business & Economics
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Release : 2009-09-01
Genre : Business & Economics
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Book Rating : 557/5 ( reviews)

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Book Synopsis Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows by : Mr.Martin Schindler

Download or read book Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows written by Mr.Martin Schindler. This book was released on 2009-09-01. Available in PDF, EPUB and Kindle. Book excerpt: How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose debt (outflow) controls. The results imply that capital controls can affect both the volume and the composition of capital flows.

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