00736nam a2200241 i 450099100427743850753620230704153330.0230517s2002 it e 000 0 ita 887285265XBibl. Dip.le Aggr. Scienze Giuridiche - Sez. Centro Studi sul Rischioita320.94Europa politica /a cura di H. Friese, A. Negri, P. WagnerRoma :Manifestolibri,2002286 p. ;21 cmTempo e democraziaScritti di variEuropaPoliticaSaggiWagner, PeterNegri, AntonioFriese, Heidrun991004277438507536Europa politica663826UNISALENTO05708oam 22013814 450 991097334630332120251116183901.0978661377700397814623803811462380387978145275737714527573729781281155641128115564097814518903101451890311(CKB)3360000000441065(EBL)3012491(SSID)ssj0000949369(PQKBManifestationID)11512170(PQKBTitleCode)TC0000949369(PQKBWorkID)10996014(PQKB)10434934(OCoLC)535146874(MiAaPQ)EBC3012491(IMF)WPIEE0032004(IMF)WPIEA0032004WPIEA0032004(EXLCZ)99336000000044106520020129d2004 uf 0engurcn|||||||||txtccrDo Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia /Natalia Tamirisa1st ed.Washington, D.C. :International Monetary Fund,2004.1 online resource (24 p.)IMF Working PapersCover title."January 2004"--Caption.9781451841930 1451841930 Includes bibliographical references (p. 22-23).""Contents""; ""I. INTRODUCTION""; ""II. CAPITAL FLOWS AND THEIR REGULATION IN MALAYSIA""; ""III. WHAT DO THE QUANTITATIVE DATA TELL US?""; ""IV. AN ERROR-CORRECTION MODEL WITH CAPITAL CONTROLS""; ""APPENDIX""; ""REFERENCES""This paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital controls generally have statistically insignificant effects on the exchange rate. Controls on portfolio outflows and on bank and foreign exchange operations facilitate reductions in the domestic interest rate, while controls on portfolio inflows have the opposite effect, in line with the theoretical priors. Controls on international transactions in the domestic currency and stock market operations have statistically insignificant effects on the interest rate differential.IMF Working Papers; Working Paper ;No. 2004/003Capital movementsMalaysiaFinancial crisesAsiaMacroeconomicsAsset requirementsimfBalance of paymentsimfBanks and BankingimfCapital accountimfCapital adequacy requirementsimfCapital controlsimfCapital movementsimfCurrencyimfCurrent Account AdjustmentimfExports and ImportsimfFinanceimfFinancial Institutions and Services: Government Policy and RegulationimfFinancial regulation and supervisionimfFinancial services law & regulationimfFinancial servicesimfForeign ExchangeimfForeign exchangeimfGeneral Financial Markets: Government Policy and RegulationimfInterest ratesimfInterest Rates: Determination, Term Structure, and EffectsimfInternational economicsimfInternational InvestmentimfLong-term Capital MovementsimfMacroeconomic Aspects of International Trade and Finance: GeneralimfReal exchange ratesimfReal interest ratesimfShort-term Capital MovementsimfMalaysiaEconomic conditionsMalaysiaEconomic policyMalaysiaimfCapital movementsFinancial crisesMacroeconomics.Asset requirementsBalance of paymentsBanks and BankingCapital accountCapital adequacy requirementsCapital controlsCapital movementsCurrencyCurrent Account AdjustmentExports and ImportsFinanceFinancial Institutions and Services: Government Policy and RegulationFinancial regulation and supervisionFinancial services law & regulationFinancial servicesForeign ExchangeForeign exchangeGeneral Financial Markets: Government Policy and RegulationInterest ratesInterest Rates: Determination, Term Structure, and EffectsInternational economicsInternational InvestmentLong-term Capital MovementsMacroeconomic Aspects of International Trade and Finance: GeneralReal exchange ratesReal interest ratesShort-term Capital MovementsTamirisa Natalia1098414International Monetary Fund.Policy Development and Review Department.DcWaIMFBOOK9910973346303321Do Macroeconomic Effects of Capital Controls Vary by their Type? Evidence From Malaysia4371270UNINA