Capital Controls Checkup: Cases, Customs, Consequences

Stefan Goldbach and Volker Nitsch

Publications of Darmstadt Technical University, Institute for Business Studies (BWL) from Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL)

Abstract: This paper examines the effect of administrative restrictions on cross-border capital transactions. Using highly disaggregated data from the German balance of payments statistics for the period from 1999 through 2017, we document several stylized facts about the effectiveness of such capital control policies introduced by other countries. Capital controls are associated with economically and statistically significant declines in capital flows; they affect bilateral financial relationships along both the extensive and the intensive margin.

Date: 2022
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Published in IMF Economic Review (2022)

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https://link.springer.com/article/10.1057/s41308-022-00193-5

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Journal Article: Capital Controls Checkup: Cases, Customs, Consequences (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:dar:wpaper:135405

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