Are price-based capital account regulations effective in developing countries?

References

• Agenor , PR and Montiel , P . 1999 . Development Macroeconomics , 2nd , NJ : Princeton University Press .
   Google Scholar
• Agénor , PR . 2002 . Cyclical fluctuations in Brazil's real exchange rate: the role of domestic and external factors (1988–95) . Revista Brasileira de Economia , 56 : 47 – 74 .
   Google Scholar
• Bennett , H and Valdes , R . 2001 . Series de terminos de intercambio de frecuencia mensual para la economia chilena: 1965-1999 Working Paper No. 96, Central Bank of Chile, Santiago
   Google Scholar
• Cardenas , M and Barrera , F . 1997 . On the effectiveness of capital controls: the experience of Colombia during the 1990s . Journal of Development Economics , 54 : 27 – 57 .
   Web of Science ®Google Scholar
• Cardenas , M and Steiner , R . 2000 . “ Private capital flows in Colombia ” . In Capital Flows, Capital Controls & Currency Crises: Latin America in the 1990s , Edited by: Larrain , FB . Ann Arbor : University of Michigan Press .
   Google Scholar
• Cordella , T . 2003 . Can short-term capital controls promote capital inflows? . Journal of International Money and Finance , 22 : 737 – 45 .
   Google Scholar
• David , AC . 2007 . Controls on capital inflows and external shocks World Bank Policy Research Working Paper 4176, March. Washington, DC
   Google Scholar
• De Gregorio , J , Edwards , S and Valdes , RO . 2000 . Controls on capital flows: do they work? NBER Working Paper No. 7645, Cambridge, MA
   Google Scholar
• Edwards , S . 1999 . How effective are capital controls? NBER Working Paper No. 7413, Cambridge, MA
   Google Scholar
• Fitzgerald , V . 2002 . The instability of the emerging markets asset demand schedule UNU/WIDER Discussion Paper No. DP2002/80
   Google Scholar
• Forbes , K . 2002 . One cost of the Chilean capital controls: increased financial constraints for smaller traded firms MIT/Sloan Working Paper No. 4273-02
   Google Scholar
• Gallego , F . 2002 . Capital controls in Chile: were they effective? in Banking, Financial Integration and International Crises, (Eds) L. Hernandez and K. Schmidt-Hebbel, Central Bank of Chile, Santiago de Chile
   Google Scholar
• Gallego , F and Hernandez , L . 2003 . Microeconomic effects of capital controls: the Chilean experience during the 1990s Working Paper No. 203, Central Bank of Chile
   Google Scholar
• Gertler , M and Lown , C . 1999 . The information in the high-yield bond spread for the business cycle: evidence and some implications . Oxford Review of Economic Policy , 15 : 132 – 50 .
   Web of Science ®Google Scholar
• Laban , RM and Larrain , FB . 2000 . “ Private capital flows to Chile in the 1990s: causes, effects, and policy reactions ” . In Capital Flows, Capital Controls & Currency Crises: Latin America in the 1990s , Edited by: Larrain , FB . Ann Arbor : University of Michigan Press .
   Google Scholar
• Le Fort , G and Lehmann , S . 2000 . Choques externos, gasto agregado, cuenta de capitales y encaje: hechos estilizados , Unpublished Manuscript Banco Central de Chile .
   Google Scholar
• Mody , A and Taylor , MP . 2002 . International capital crunches: the time-varying role of informational asymmetries IMF Working Paper No. 43, Washington, DC
   Google Scholar
• Nadal-De Simone , F and Sorsa , P . 1999 . A review of capital account restrictions in Chile in the 1990s IMF Working Paper, Washington, DC
   Google Scholar
• Ocampo , JA and Tovar , CE . 1999 . Price-based capital account regulations: the Colombian experience Financiamiento del Desarollo Series No. 87, ECLAC, Santiago, Chile
   Google Scholar
• Pesaran , HM . 2000 . Structural analysis of vector error correction models with exogenous I(1) variables . Journal of Econometrics , 97 : 293 – 343 .
   Web of Science ®Google Scholar
• Rincon , H . 1999 . Efectividad del control a los flujos de capital Borradores de Economia No. 120, Banco de la Republica, Bogota, Colombia
   Google Scholar
• Rincon , H and Villar , L . 2000 . The Colombian economy in the 1990s: capital flows and foreign exchange regimes Borradores de Economia No. 149, Banco de la Republica, Bogota, Colombia
   Google Scholar