Lee, Junyong; Lee, Kyounghun; Oh, Frederick Dongchuhl - In: KDI-journal of economic policy 45 (2023) 4, pp. 1-22
We review the literature on the effectiveness of capital controls and macroprudential measures. First, we explain the … purposes and examples of capital controls and macroprudential policies. We then analyze various theoretical models and … that directly compare the two instruments and discuss whether policymakers should implement capital controls or …