03073nam 2200577 a 450 991046457380332120181112190727.01-4623-6088-21-4527-5113-71-283-51148-71-4519-1025-89786613823939(CKB)3360000000443387(EBL)1608457(OCoLC)568151181(MiAaPQ)EBC1608457(EXLCZ)99336000000044338720090807d2007 uy 0engurcn|||||||||Collateral damage[electronic resource] exchange controls and international trade /prepared by Shang-Jin Wei and Zhiwei Zhang[Washington, D.C.] International Monetary Fund20071 online resource (41 p.)IMF working paper ;WP/07/8"January 2007."1-4518-6572-4 Includes bibliographical references (p. 14-15).Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Exchange Controls: Some Basic Patterns; 1. Evolutions of Restriction Indices; 1a. Summary Statistics for Restriction Indices; 1b. Correlations of the Control Indices, Tariff, and NTB Index; 2. Control Indices in Selected Countries; III. Statistical Analysis; 2. Benchmark Regressions; 3. Adding Time-varying Price Indices; 4. Developing Countries; 5. Additional Controls: Corruption and Trade Openness; 6. Finer Classification of Exchange Controls; 7. Emerging Market Economies during 1996-99; IV. Concluding Remarks1. Exchange Controls: Source, Measurement, and Indices 2. List of Countries in the Sample; References; FootnotesWhile new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increaseIMF working paper ;WP/07/8.Foreign exchangeLaw and legislationInternational tradeBalance of paymentsNon-tariff trade barriersElectronic books.Foreign exchangeLaw and legislation.International trade.Balance of payments.Non-tariff trade barriers.343.032Wei Shang-Jin118987Zhang Zhiwei1974-974661International Monetary Fund.Research Dept.MiAaPQMiAaPQMiAaPQBOOK9910464573803321Collateral damage2219457UNINA