195
Views
5
CrossRef citations to date
0
Altmetric
Articles

The effectiveness of capital controls: evidence from Colombia and Thailand

&
Pages 386-403 | Received 22 Dec 2011, Accepted 16 Aug 2012, Published online: 11 Dec 2012

References

  • Cardoso, Eliana, and Ilan Goldfajn. 2007. Capital flows to Brazil: The endogeneity of capital controls. Washington, DC: International Monetary Fund.
  • Carvalho, Bernardo S. de M., and Marcio G.P. Garcia. 2006. Ineffective controls on capital inflows under sophisticated financial markets: Brazil in the nineties. NBER.
  • Clements, Benedict, and Herman Kamil. 2009. Are capital controls effective in the 21st century? The recent experience of Colombia. IMF.
  • Concha, Alvaro, and Arturo Jose Galindo. 2009. An assessment of another decade of capital controls in Colombia: 1998–2008. Inter-American Development Bank.
  • De Gregorio, Jose, Sebastian Edwards, and Rodrigo O. Valdes. 2000. Capital controls on inflows: Do they work? Journal of Development Economics 63: 59–83.
  • Economist Intelligence Unit. 2006a. Thailand finance. Capital controls reversal update. ViewsWire.
  • Economist Intelligence Unit. 2006b. Thailand: Forex regulations. ViewsWire, 20 December.
  • Edison , Hali and Reinhart , Carmen M. 2001 . Stopping hot money: On the use of capital controls during financial crises . Journal of Development Economics , 66 ( 2 ) : 533 – 553 .
  • Edwards , Sebastian and Rigobon , Roberto . 2009 . Capital controls on inflows, exchange rate volatility and external vulnerability . Journal of International Economics , 78 ( 2 ) : 256 – 267 .
  • Gallengo, Francisco, Leonardo Hernandez, and Klaus Schimdt-Hebel. 1999. Capital controls in Chile: Effective? Efficient? Central Bank of Chile.
  • IMF. Various Years. International financial statistics. Washington, DC: International Monetary Fund.
  • IMF . 2007 . Annual report on exchange arrangements and exchange restrictions , Washington , DC : International Monetary Fund .
  • IMF . 2008 . Annual report on exchange arrangements and exchange restrictions , Washington , DC : International Monetary Fund .
  • Jittrapanun, Thawatchai Prasartset Suthy. 2009. Hot money and capital controls in Thailand. Penang: Third World Network.
  • Kose, M. Ayhan, Eswar S. Prasad, and Ashley D. Taylor. 2009. Thresholds on the process of international financial integration. NBER.
  • Laurens , Bernard and Cardoso , Jaime . 1998 . Managing capital flows: Lessons from the experience of Chile , Washington , DC : International Monetary Fund .
  • Magud, Nicolas, and Carmen M. Reinhart. 2006. Capital controls: An evaluation. Working Paper 11973. In NBER Working Paper Series.
  • Ocampo, Jose Antonio, and Camilo Tovar. 2003. Colombia’s experience with reserve requirements on capital inflows. CEPAL Review 81, December: 7–31.
  • Ocampo , Jose Antonio and Palma , Jose Gabriel . 2008 . “ The role of preventive capital account regulations ” . In Capital market liberalization and development , Edited by: Ocampo , J.A. and Stiglitz , J.E. New York : Oxford University Press .
  • Ocampo , Jose Antonio , Spiegel , Shari and Stiglitz , Joseph E. 2008 . “ Capital market liberalization and development ” . In Capital market liberalization and development , Edited by: Ocampo , J.A. and Stiglitz , J.E. New York : Oxford University Press .
  • Ostry, J.D., A.R. Ghosh, K. Habermeier, M. Chamon, M.S. Qureshi, and D.B. Reinhardt. 2010. Capital inflows: The role of controls, IMF Staff Position Note 10/04.
  • Prasad, Eswar, Kenneth Rogoff, Shang-Jin Wei, and M. Ayhan Kose. 2003. Effects of financial globalization on developing countries: Some empirical evidence. In IMF Occasional Papers. Washington, DC: International Monetary Fund.
  • Thompson Reuters. 2010. Datastream. New York: Thompson Reuters.
  • Valdez-Prieto , Salvador and Soto , Marcelo . 2000 . “ New selective capital controls in Chile: Are they effective? ” . In Capital controls, capital flows, and currency crisis , Edited by: Larrain , F. Ann Arbor : University of Michigan Press .
  • Villar , Leonardo . 2010 . Latin America: Comments on financial regulation and international capital flows in Latin America . Journal of Globalization and Development , 1 ( 1 ) : 1 – 9 .
  • World Bank. Various years. World development indicators. World Bank.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.