This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995-2007. The results show that differences in regional and...

It is generally taken for granted that China's monetary and exchange rate policy have repercussions on her Asian neighbors and affect the choice set open to them in terms of setting optimal economic policy. At the very least, China's neighbors would like to have a clearer idea of China's plan as...

This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type...