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Capital Controls: Country Experiences with Their Use and Liberalization

Author/Editor: Ariyoshi, Akira | Habermeier, Karl Friedrich | Laurens, Bernard | Ötker, Inci | Canales Kriljenko, Jorge Iván | Kirilenko, Andrei
Published: May 17, 2000
Electronic Access: Free Full Text

Summary: 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.
Series: Occasional Paper No. 190
Subject(s): Capital controls
    Published:   May 17, 2000        
    ISBN/ISSN:   ISBN 1-55775-874-3 ; ISSN 0251-6365   Format:   Paper
    Stock No:   S190EA0000000   Pages:   123
    Price:   US$18.00 (Academic Rate: US$15.00)
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