How effective are capital controls? evidence from Malaysia
This paper examines the role of capital controls as a macroeconomic policy tool in light of the Malaysian experience. It consists of an econometric analysis of quarterly data over the period 1990-2010 using newly constructed capital inflow and outflow policy indexes as well as analytical narratives of episodes of controls imposed on inflows (1994) and outflows (1998-1999). The findings suggest that well-targeted controls have the potential to tame both short-term capital inflows and outflows...[Show more]
|Collections||ANU Research Publications|
|Source:||Asian Development Review: Studies of Asian and Pacific Economic Issues|
|01_Athukorala_How_effective_are_capital_2012.pdf||942.25 kB||Adobe PDF||Request a copy|
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