Capital Controls: Country Experiences with Their Use and Liberalization
( Occasional Papers )
Publication series ： Occasional Papers
Author： Mr. Akira Ariyoshi Mr. Andrei Kirilenko Ms. Inci Ötker Mr. Bernard Laurens Mr. Jorge Iván Canales Kriljenko Mr. Karl Friedrich Habermeier
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2000
E-ISBN: 9781451921007
P-ISBN(Paperback): 9781557758743
Subject： F112.1 The economies of the developing countries.
Language： ENG
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Description
This paper examines country experiences with the use and liberalization of capital controls to develop a deeper understanding of the role of capital controls in coping with volatile capital flows, as well as the issues surrounding their liberalization. Detailed analyses of country cases aim to shed light on the motivations to limit capital flows; the role the controls may have played in coping with particular situations, including in financial crises and in limiting short-term inflows; the nature and design of the controls; and their effectivenes and potential costs. The paper also examines the link between prudential policies and capital controls and illstrates the ways in which better prudential practices and accelerated financial reforms could address the risks in cross-border capital transactions.