Countries' concerns about the value of their currency have been studied and documented extensively in the literature. Capital controls can be — and often are — used as a tool to manage exchange rate fluctuations. This paper investigates whether countries can benefit from using such a tool....

Countries' concerns about the value of their currency have been studied and documented extensively in the literature. Capital controls can be - and often are - used as a tool to manage exchange rate fluctuations. This paper investigates whether countries can benefit from using such a tool. We...

In the aftermath of the global financial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distortions have become part of the standard policy toolkit (the so-called macro-prudential policies). On the wave of this seemingly...

In the aftermath of the global financial crisis, a new policy paradigm has emerged in which old-fashioned policies such as capital controls and other government distortions have become part of the standard policy tool kit (so called macro- prudential policies). On the wave of this seemingly...