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This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it...
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This paper analyzes the effectiveness of capital controls, in particular the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it...
Persistent link: https://www.econbiz.de/10013313644
This paper evaluates the effectiveness of controls on capital inflows. In particular, the authors analyze in great detail the Chilean experience with the use of the unremunerated reserve requirement. They also examine the effects of the controls applied in Chile in 1991-1998 on interest rates,...
Persistent link: https://www.econbiz.de/10015122695
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This paper analyzes the Chilean experience with capital flows. We discuss the role played by capital controls, financial regulations and the exchange rate regime. The focus is on the period after 1990, the period when Chile returned to international capital markets. We also discuss the early...
Persistent link: https://www.econbiz.de/10013248278