International Capital Transactions : Should They Be Restricted?

Author/Editor:

Norman S. Fieleke

Publication Date:

December 1, 1993

Summary:

Some prominent economists and officials contend that government restrictions should be used to limit international capital movements that are considered destabilizing. This paper briefly summarizes the recent usage of such restrictions, discusses their international acceptance and their theoretical justification, reviews recent empirical studies of their efficacy, and examines their efficacy in Ireland, Spain, and Portugal during the latter part of 1992. The conclusion is that such restrictions typically have no more than fleeting and minor success in attaining their objectives.

Series:

Papers on Policy Analysis and Assessment No. 93/20

Subject(s):

English

Publication Date:

December 1, 1993

ISBN/ISSN:

9781451963892/1934-7456

Stock No:

PPIEA0201993

Price:

$10.00 (Academic Rate:$10.00)

Format:

Paper

Pages:

42

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