Researchers have available to them numerous indicators of financial openness and
integration, many of which have yielded substantially differing results in past research, for …

We present and describe a new dataset of capital control restrictions on both inflows and
outflows of ten categories of assets for 100 countries over the period 1995 to 2013. Building …

This paper examines the claim that exchange rate regimes are of little salience in the
transmission of global financial conditions to domestic financial and macroeconomic …

A central result in international macroeconomics is that a government cannot simultaneously
opt for open financial markets, fixed exchange rates, and monetary autonomy; rather, it is …

This paper synthesizes recent advances in the theoretical and empirical literature on capital
controls. We start by observing that international capital flows have both benefits and costs …

This paper examines the pattern of controls on capital inflows, and the association of these
controls on financial variables, GDP, and exchange rates. A key point of the paper is the …

A major shortcoming of capital structure studies on developing economies is that they
generally restrict their analyses to large publicly-traded manufacturing firms. Consequently …

As emerging economies experience a boom in capital inflows, governments are increasingly
concerned about their downsides. Even the IMF (International Monetary Fund), long a …

The workhorse open-economy macro model suggests that capital inflows are contractionary
because they appreciate the currency and reduce net exports. Emerging market policy …

The workhorse open economy macromodel suggests that capital inflows are contractionary
because they appreciate the currency and reduce net exports. Emerging market policy …