LEADER 05337oam 22010694 450 001 9910970438703321 005 20251116163720.0 010 $a9786612844140 010 $a9781462392087 010 $a1462392083 010 $a9781452732909 010 $a1452732906 010 $a9781282844148 010 $a1282844148 010 $a9781451873559 010 $a1451873557 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(IMF)WPIEE2009208 035 $a(MiAaPQ)EBC1608839 035 $a(IMF)WPIEA2009208 035 $aWPIEA2009208 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 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2009. 215 $a32 p. $cill 225 1 $aIMF Working Papers 300 $a"September 2009." 311 08$a9781451917772 311 08$a1451917775 327 $aIntro -- Table of Contents -- I. Introduction -- II. Literature Review -- A. Individual Country Studies -- B. Multi-Country Studies -- III. Data and Methodology -- A. The Basic Framework -- B. Control Variables: Determinants of Capital Flows -- IV. Results -- A. Reference Results -- B. Asset Categories -- C. Inflows versus Outflows -- D. Composition of Capital Flows -- V. Extensions -- VI. Conclusion -- Tables -- 1. Descriptive Statistics -- 2. Aggregate Capital Flows and Controls -- 3. Disaggregated Capital Flows and Controls -- 4. Disaggregated Capital Flows and Controls: Composition Effects -- 5. Disaggregated Capital Flows and Simultaneous Inflow and Outflow Controls -- 6. Disaggregated Capital Flows, Controls and Country Groups -- 7. Disaggregated Capital Flows and Contemporaneous and Lagged -- Figures -- 1. International Financial Integration, 1970-2006 -- 2. The Composition of Capital Controls (sample average) -- 3. The Composition of Capital Controls (country level) -- Appendix Tables -- A1. List of Countries in the Data set -- A2. Data Description and Sources -- A3. Disaggregated Capital Flows and Controls -- A4. Disaggregated Capital Flows and Controls: Country and Time FE -- References. 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 $aCapital controls$2imf 606 $aCapital flows$2imf 606 $aCapital inflows$2imf 606 $aCapital movements$2imf 606 $aCapital outflows$2imf 606 $aExports and Imports$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aInternational economics$2imf 606 $aInternational Investment$2imf 606 $aInvestment & securities$2imf 606 $aInvestments: Stocks$2imf 606 $aLong-term Capital Movements$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aPension Funds$2imf 606 $aStocks$2imf 607 $aColombia$2imf 615 0$aCapital movements$xGovernment policy. 615 0$aInternational business enterprises. 615 7$aCapital controls 615 7$aCapital flows 615 7$aCapital inflows 615 7$aCapital movements 615 7$aCapital outflows 615 7$aExports and Imports 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aInternational economics 615 7$aInternational Investment 615 7$aInvestment & securities 615 7$aInvestments: Stocks 615 7$aLong-term Capital Movements 615 7$aNon-bank Financial Institutions 615 7$aPension Funds 615 7$aStocks 676 $a332.4;332.45 700 $aBinici$b Mahir$01815848 701 $aHutchison$b Michael$0122526 701 $aSchindler$b Martin$01614867 712 02$aInternational Monetary Fund.$bResearch Department. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910970438703321 996 $aControlling Capital? Legal Restrictions and the Asset Composition of International Financial Flows$94371381 997 $aUNINA