TY  - BOOK
AU  - Binici,Mahir
AU  - Hutchison,Michael M.
AU  - Schindler,Martin
TI  - Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows
T2  - IMF Working Papers
SN  - 9781452732909
AV  - HG3891 -- .B565 2009eb 
U1  - 332.4332.45 
PY  - 2009///
CY  - Washington
PB  - International Monetary Fund
KW  - Capital movements -- Government policy
KW  - International business enterprises
KW  - Electronic books
N1  - Intro -- Table of Contents -- I. Introduction -- II. Literature Review -- A. Individual Country Studies -- B. Multi-Country Studies -- III. Data and Methodology -- A. The Basic Framework -- B. Control Variables: Determinants of Capital Flows -- IV. Results -- A. Reference Results -- B. Asset Categories -- C. Inflows versus Outflows -- D. Composition of Capital Flows -- V. Extensions -- VI. Conclusion -- Tables -- 1. Descriptive  Statistics -- 2. Aggregate Capital  Flows and Controls -- 3. Disaggregated  Capital Flows and Controls -- 4. Disaggregated  Capital Flows and Controls: Composition Effects -- 5. Disaggregated  Capital Flows and Simultaneous Inflow and Outflow Controls -- 6. Disaggregated  Capital Flows, Controls and Country Groups -- 7. Disaggregated   Capital Flows and Contemporaneous and Lagged -- Figures -- 1. International  Financial Integration, 1970-2006 -- 2. The Composition of  Capital Controls (sample average) -- 3. The Composition of  Capital Controls (country level) -- Appendix Tables -- A1. List of Countries in  the Data set -- A2. Data Description  and Sources -- A3. Disaggregated  Capital Flows and Controls -- A4. Disaggregated  Capital Flows and Controls: Country and Time FE -- References
N2  - 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
UR  - https://ebookcentral.proquest.com/lib/buse-ebooks/detail.action?docID=1608839
ER  -