Abstract:The effectiveness of capital controls has still not been established, and if
they are indefinite they create distortions. This study uses quarterly data
on capital controls in 25 Asian and Latin American countries from 2000 to
2019. We present further evidence on the internal and multilateral impacts
of capital controls using a Panel VAR model with variance decomposition and
impulse-response function analysis. The results show that domestically,
capital controls, became more effective after t… Show more
Set email alert for when this publication receives citations?
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.