Effectiveness of Capital Restrictions: Do Regional and Income Differences Matter?

Maria Socorro Gochoco-Bautista and Ruth Francisco

No 261, ADB Economics Working Paper Series from Asian Development Bank

Abstract: This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995– 2007. The results show that differences in regional and income levels matter for the effectiveness of capital restrictions.

Pages: 12 pages
Date: 2011-06-30
Note: http://www.adb.org/sites/default/files/pub/2011/Economics-WP261.pdf
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Citations: View citations in EconPapers (1)

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