03835oam 22009494 450 991078822610332120230721045743.01-4623-9208-31-4527-3290-61-282-84414-81-4518-7355-79786612844140(CKB)3170000000055357(SSID)ssj0000940096(PQKBManifestationID)11483770(PQKBTitleCode)TC0000940096(PQKBWorkID)10947102(PQKB)11062491(OCoLC)649701558(MiAaPQ)EBC1608839(IMF)WPIEE2009208(EXLCZ)99317000000005535720020129d2009 uf 0engurcn|||||||||txtccrControlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows /Mahir Binici, Michael Hutchison, Martin SchindlerWashington, D.C. :International Monetary Fund,2009.32 p. illIMF Working Papers"September 2009."1-4519-1777-5 How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose debt (outflow) controls. The results imply that capital controls can affect both the volume and the composition of capital flows.IMF Working Papers; Working Paper ;No. 2009/208Capital movementsGovernment policyInternational business enterprisesExports and ImportsimfInvestments: StocksimfInternational InvestmentimfLong-term Capital MovementsimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfInternational economicsimfInvestment & securitiesimfCapital controlsimfCapital flowsimfCapital inflowsimfCapital outflowsimfStocksimfCapital movementsimfColombiaimfCapital movementsGovernment policy.International business enterprises.Exports and ImportsInvestments: StocksInternational InvestmentLong-term Capital MovementsPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsInternational economicsInvestment & securitiesCapital controlsCapital flowsCapital inflowsCapital outflowsStocksCapital movementsBinici Mahir1509592Hutchison Michael122526Schindler Martin1509552International Monetary Fund.Research Dept.DcWaIMFBOOK9910788226103321Controlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows3741565UNINA