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010   $a1-281-15564-0
010   $a9786613777003
010   $a1-4518-9031-1
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035   $a(EBL)3012491
035   $a(SSID)ssj0000949369
035   $a(PQKBManifestationID)11512170
035   $a(PQKBTitleCode)TC0000949369
035   $a(PQKBWorkID)10996014
035   $a(PQKB)10434934
035   $a(OCoLC)535146874
035   $a(MiAaPQ)EBC3012491
035   $a(IMF)WPIEE0032004
035   $a(EXLCZ)993360000000441065
100   $a20090806d2004      uy         0
101 0 $aeng
135   $aurcn|||||||||
181   $ctxt
182   $cc
183   $acr
200 10$aDo macroeconomic effects of capital controls vary by their type? $eevidence from Malaysia /$fprepared by Natalia T. Tamirisa
205   $a1st ed.
210   $aWashington, D.C. $cInternational Monetary Fund, Policy Development and Review Dept.$d2004
215   $a1 online resource (24 p.)
225 1 $aIMF working paper ;$vWP/04/3
300   $aCover title.
300   $a"January 2004"--Caption.
311   $a1-4518-4193-0 
320   $aIncludes bibliographical references (p. 22-23).
327   $a""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""
330 3 $aThis paper examines how the macroeconomic effects of capital controls vary depending on which type of international financial transaction they cover. Drawing on Malaysia's experiences in regulating the capital account during the 1990s, it finds, in an error-correction model, that capital controls generally have statistically insignificant effects on the exchange rate. Controls on portfolio outflows and on bank and foreign exchange operations facilitate reductions in the domestic interest rate, while controls on portfolio inflows have the opposite effect, in line with the theoretical priors. Controls on international transactions in the domestic currency and stock market operations have statistically insignificant effects on the interest rate differential.
410  0$aIMF working paper ;$vWP/04/3.
606   $aCapital movements$zMalaysia
606   $aFinancial crises$zAsia
606   $aMacroeconomics
607   $aMalaysia$xEconomic conditions
607   $aMalaysia$xEconomic policy
615  0$aCapital movements
615  0$aFinancial crises
615  0$aMacroeconomics.
700   $aTamirisa$b Natalia T$01098414
712 02$aInternational Monetary Fund.$bPolicy Development and Review Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910814665803321
996   $aDo macroeconomic effects of capital controls vary by their type$94196976
997   $aUNINA