Capital Control Measures: A New Dataset

By Andrés Fernández, Michael W Klein, Alessandro Rebucci, Martin Schindler, Martin Uribe

April 22, 2015

Preview Citation

Format: Chicago

Andrés Fernández, Michael W Klein, Alessandro Rebucci, Martin Schindler, and Martin Uribe. Capital Control Measures: A New Dataset, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this dataset includes additional asset categories, more countries, and a longer time period. The paper discusses in detail the construction of the dataset and characterizes the data with respect to the prevalence and correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of this dataset with other indicators of capital controls.

Subject: Balance of payments, Capital controls, Capital flows, Financial derivatives, Financial institutions, Foreign direct investment, National accounts, Personal income, Securities

Keywords: Africa, Capital account control, Capital control, Capital control data, Capital control indicator, Capital control indices, Capital control measures, Capital controls, Capital flows, Costs of capital control, Disaggregate capital control category, Evolution of capital control, Financial derivatives, Foreign direct investment, Global, Inflow control, International financial integration, Outflow control, Personal income, Securities, Transactions control, WP

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2015/080
Stock No:

WPIEA2015080
ISBN:

9781484332177
ISSN:

1018-5941

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