LEADER 03835oam 22009494 450 001 9910788226103321 005 20230721045743.0 010 $a1-4623-9208-3 010 $a1-4527-3290-6 010 $a1-282-84414-8 010 $a1-4518-7355-7 010 $a9786612844140 035 $a(CKB)3170000000055357 035 $a(SSID)ssj0000940096 035 $a(PQKBManifestationID)11483770 035 $a(PQKBTitleCode)TC0000940096 035 $a(PQKBWorkID)10947102 035 $a(PQKB)11062491 035 $a(OCoLC)649701558 035 $a(MiAaPQ)EBC1608839 035 $a(IMF)WPIEE2009208 035 $a(EXLCZ)993170000000055357 100 $a20020129d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aControlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows /$fMahir Binici, Michael Hutchison, Martin Schindler 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a32 p. $cill 225 1 $aIMF Working Papers 300 $a"September 2009." 311 $a1-4519-1777-5 330 3 $aHow effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose debt (outflow) controls. The results imply that capital controls can affect both the volume and the composition of capital flows. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2009/208 606 $aCapital movements$xGovernment policy 606 $aInternational business enterprises 606 $aExports and Imports$2imf 606 $aInvestments: Stocks$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aInternational economics$2imf 606 $aInvestment & securities$2imf 606 $aCapital controls$2imf 606 $aCapital flows$2imf 606 $aCapital inflows$2imf 606 $aCapital outflows$2imf 606 $aStocks$2imf 606 $aCapital movements$2imf 607 $aColombia$2imf 615 0$aCapital movements$xGovernment policy. 615 0$aInternational business enterprises. 615 7$aExports and Imports 615 7$aInvestments: Stocks 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aInternational economics 615 7$aInvestment & securities 615 7$aCapital controls 615 7$aCapital flows 615 7$aCapital inflows 615 7$aCapital outflows 615 7$aStocks 615 7$aCapital movements 700 $aBinici$b Mahir$01509592 701 $aHutchison$b Michael$0122526 701 $aSchindler$b Martin$01509552 712 02$aInternational Monetary Fund.$bResearch Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910788226103321 996 $aControlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows$93741565 997 $aUNINA