Search Results - subject_exact:"Kapitalverkehrspolitik"

Tilting the Balance Towards Equity : Capital Controls and the Structure of External Liabilities

Krahnke, Tobias - 2026

Capital flow restrictions have long been debated as a tool to manage external financial vulnerabilities, as volatile international capital flows and high external debt can contribute to financial crises. However, empirical evidence on whether capital flow management measures (CFMs) can shift the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612586

Beyond Binary : A Policy-Intensity Measure of Capital Flow Management

Li, Wenjie - 2026

This paper introduces the FinOpen index, a novel measure of capital flow management for 193 countries from 1996 to 2022. Using information from the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), the index is constructed by estimating the level of openness...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612667

Motivating Capital Controls : Evidence from New Measures of Capital Flow Restrictions

Baba, Chikako - 2026

Countries implement and liberalize capital controls opportunistically. To show this point, this paper introduces two novel indices—the Financial Account Restrictiveness Index (FARI) and the AREAER Change Index (ACI)—to measure and track capital flow restrictions across 190 countries...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015612668

Do warnings change behavior? : money-laundering, grey-listing by the FATF, and cross-border financial flows

LaGarda, Guillermo; Verastegui, Paulina - 2026

Does Financial Action Task Force (FATF) grey-listing disrupt cross-border financial flows? The answer is not obvious. Grey-listing imposes no formal transaction restrictions, yet it can trigger compliance responses by financial institutions facing heightened regulatory risk and the prospect of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644703

Reserve requirement ratio and capital flows : a regime-switching DSGE estimation for China

Hu, Ruopu - 2026 - This version: March 31, 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647392

What motives and conditions drive countries to adopt macroprudential and capital management measures?

Nieminen, Mika; Norring, Anni - 2025

Countries choose diverse policy mixes of macroprudential and capital flow management measures, yet the drivers behind these policy choices remain largely unexplored. We identify potential conditions for the adoption and determinants of the use of macroprudential and capital flow management...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015371225

Effects of capital flow management measures on wealth inequality : new evidence from counterfactual estimators

Zhou, Yang; Kitano, Shigeto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326630

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Effects of capital flow management measures on wealth inequality : new evidence from counterfactual estimators

Zhou, Yang; Kitano, Shigeto - 2024 - Revised December 6, 2024

Edition: Revised December 6, 2024

Book / Working Paper

The politics of capital mobility in dollarized economies : comparing Ecuador and El Salvador

Silva, Pedro Perfeito da - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015195693

Capital account liberalization and sudden stops in global capital flows

Hao, Jia; Wang, Weining - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015331944

Flow-specific capital controls for China

Garcia-Barragan, Fernando; Kiu, Guangling - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333588

Is China's capital liberalisation policy effective?

Wang, Lirong; Zhou, Jinnan; Hueng, C. James - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015135123

Cross-border effects of Fed capital requirements on emerging market banks' funding: the Colombian case

Gómez, Camilo; Escobar-Villarraga, Mariana; Melo … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015461277

In search of countercyclical capital inflow controls

Izumi, Ryuichiro; Leong, Weng Fei; Zélity, Balázs - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015443202

Capital flows and economic performance in South Africa

Scaramozzino, Pasquale - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015508632

Capital flow freezes

Peiris, M. Udara; Sokolova, Anna; Tsomocos, Dimitrios P. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450069

Domestic credit cycles and extreme capital flow episodes

Villiers, David de; Hollander, Hylton; Van Lill, Dawie - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425345

The role of macro-economic policy in explaining China's current account surplus

Prasad, Nalini - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396813

Global integration and the effects of protectionist measures

2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015422557

Financial liberalisation and illicit financial outflows in African countries : does institutional quality and macroeconomic stability matter?

Jeke, Leward; Moyo, Clement; Apau, Richard - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015202584

Financial stress in emerging markets : the tail-risk trade-offs between growth and financial stability policies

Villiers, David de; Hollander, Hylton; Van Lill, Dawie - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553955

Capital flow volatility and financial fragility : cross-country evidence and policy lessons

Hakhverdyan, Davit; Kalantaryan, Hayk - 2025

The complex nature of international capital flows remains a central topic in academic debate. Despite extensive research, the relationship between capital inflows and financial system vulnerabilities remains complex and influenced by both global, regional and domestic factors that necessitate...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553979

The exceptions that prove the rule? : revisiting the effectiveness of capital controls under international investment agreements

Donato, Giovanni - 2025

This paper examines how international investment agreements constrain the use and effectiveness of capital controls in emerging and developing economies. Leveraging a novel database on the specific content of investment treaties, I identify those that include "macro-stability exceptions", which...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559105

Globalization of capital flows and the (in)disciplining of nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun W. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015559118

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Globalization of capital flows and the (in)disciplining of nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun W. - 2022 - This version: January 2022

Edition: This version: January 2022

Book / Working Paper

Bargaining power in international property investment markets : the impact of China and the U.S

Shimizu, Chihiro; Deng, Xiaoying - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560949

The effectiveness of capital flow management measures : evidence from India

Zhou, Yang; Kitano, Shigeto - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561023

Managing capital flow volatility with capital controls: Do volatility-absorbing mechanisms matter?

Kurul, Zühal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015635986

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Managing capital flow volatility with capital controls : do volatility-absorbing mechanisms matter?

Kurul, Zühal - 2025

Article

Annual Report on Exchange Arrangements and Exchange Restrictions 2023

2024

The AREAER provides a comprehensive description of restrictions on international trade and payments, capital controls, and measures implemented in the financial sector, including prudential measures that may affect capital flows for all IMF members. It also provides information on the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015328632

US monetary policy and real exchange rate dynamics : the role of exchange rate arrangements and capital controls

Ma, Zhenyu; Wang, Junbo; Wang, Ning; Xiao, Zehua - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015079990

Capital Controls on Outflows : New Evidence and a Theoretical Framework

Chang, Roberto; Fernández, Andrés; Martinez, Humberto - 2024

We study capital controls on outflows (CCOs) in situations of macroeconomic and financial distress. We present novel empirical evidence indicating that CCO implementation is associated with crises and declines in GDP growth. We then develop a theoretical framework that is consistent with such...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056204

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Capital Controls on Outflows: New Evidence and a Theoretical Framework

Chang, Roberto - 2024

Book / Working Paper

Guaranteeing trade in a severe crisis : cash collateral over bank guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014515775

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Guaranteeing trade in a severe crisis: cash collateral over bank guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

Book / Working Paper

Guaranteeing Trade in a Severe Crisis: Cash Collateral over Bank Guarantees

Kotidis, Antonis - 2023

Book / Working Paper

Guaranteeing Trade in a Severe Crisis : Cash Collateral Over Bank Guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

Book / Working Paper

Guaranteeing trade in a severe crisis : cash collateral over bank guarantees

Kotidis, Antonis; MacDonald, Margaux; Malliaropulos, … - 2023

Book / Working Paper

Multi-sector bond funds : new evidence on global and domestic drivers and effectiveness of capital account measures

Mercado, Rogelio V. <Jr.>; Sanfilippo, Luca - 2024 - Version Date: 06 April 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014507576

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Multi-sector bond funds : new evidence on global and domestic drivers and effectiveness of capital account measures

Mercado, Rogelio V. <Jr.>; Sanfilippo, Luca - 2024

Book / Working Paper

The Feldstein-Horioka Puzzle or Paradox after 44 years : a fallacy of composition

Horioka, Charles - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015187620

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The Feldstein-Horioka puzzle or paradox after 44 Years: A fallacy of composition

Horioka, Charles Yuji - 2024

Book / Working Paper

The Feldstein-Horioka puzzle or paradox after 44 years : a fallacy of composition

Horioka, Charles - 2024

Book / Working Paper

The Feldstein-Horioka Puzzle or Paradox after 44 years : a fallacy of composition

Horioka, Charles - 2024

Book / Working Paper

The Feldstein-Horioka puzzle or paradox after 44 Years : a fallacy of composition

Horioka, Charles - 2024

Book / Working Paper

Spillover effects of capital controls : a critical review and new agenda for the future directions

Panigrahi, Biswajit; Prabheesh, K. P. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463502

Capital controls or macroprudential policies : which is better for land booms and busts?

Zhou, Yang; Kitano, Shigeto - 2024 - Revised April 24, 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015409721

Time-varying parameters error correction model for real ruble exchange rate and oil prices : what has changed due to capital control and sanctions?

Fokin, Nikita D.; Malikova, Ekaterina V.; Polbin, Andrej - 2024

This paper aims to analyze changes in the long-term and short-term oil price elasticities of the real ruble exchange rate, as well as the speed of convergence of the exchange rate to a long-term equilibrium. The analysis is conducted using an error correction model with time-varying parameters....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394387

Macroprudential Policies and Capital Controls Over Financial Cycles

Arakelyan, Maria - 2023

In this paper we assess the effectiveness of macroprudential policies and capital controls in supporting financial stability. We construct a large and granular dataset on prudential and capital flow management measures covering 53 countries during 1996-2016. Conditional on a credit boom, we...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015059217

Capital Controls in Times of Crisis – Do They Work?

Bhargava, Apoorv; Bouis, Romain; Kokenyne, Annamaria; … - 2023

This paper provides an analysis of the use and effects of capital controls in 27 AEs and EMDEs which experienced at least one financial crisis between 1995 and 2017. Countries often turn to using capital controls in crisis: some ease inflow controls while others tighten controls on outflows. A...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014355803

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Capital Controls in Times of Crisis - Do They Work?

Bhargava, Apoorv - 2023

Book / Working Paper

Do Capital Controls Limit Inflow Surges?

Bhargava, Apoorv - 2023

With rising financial integration, the magnitude and swings in capital flows have increased in the past two decades, intensifying the policy debate on how best to deal with these flows. This paper assesses the use and effectiveness of capital controls in limiting inflow surges. Using a novel...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015059619

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Do Capital Controls Limit Inflow Surges?

Bhargava, Apoorv; Bouis, Romain; Kokenyne, Annamaria; … - 2023

Book / Working Paper

Annual Report on Exchange Arrangements and Exchange Restrictions 2022

2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015059661

Mobility power, state and the "sponsored labour regime" in Saudi capitalism

Hammer, Anita; Adham, Ayman - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014575916

Do capital flows cause (de)-industrialization?

Taşdemir, Fatma - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014490155

Recent Advances in the Literature on Capital Flow Management

Beck, Roland; Scheubel, Beatrice; Brüggemann, Axel; … - 2023

Large swings in cross-border capital flows can have consequences for domestic stability and open a channel for the transmission of shocks and spillovers across economies, including the euro area. Against this backdrop, the present paper reviews new evidence for the effectiveness of capital flow...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014353840

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Recent advances in the literature on capital flow management

Beck, Roland; Berganza, Juan Carlos; Brüggemann, Axel; … - 2023 - Revised September 2023

Edition: Revised September 2023

Book / Working Paper

The effectiveness of macroprudential policies in managing extreme capital flow episodes

Villiers, David de; Hollander, Hylton; Van Lill, Dawie - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014535225

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The effectiveness of macroprudential policies in managing extreme capital flow episodes

Villiers, David de; Hollander, Hylton; Van Lill, Dawie - 2023

Book / Working Paper

Capital Controls in Emerging and Developing Economies and the Transmission of U.S. Monetary Policy

Ha, Jongrim - 2023

Emerging markets and developing economies (EMDEs) exhibit significantly greater volatility in asset returns than advanced economies. The commonalities in these returns (and flows) across countries are particularly strong for EMDEs. If these occur independently of the exchange rate regime and if...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014454228

The effectiveness of capital controls and macroprudential measures

Lee, Junyong; Lee, Kyounghun; Oh, Frederick Dongchuhl - 2023

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 empirical findings from prior studies that investigate the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014463278

Financial development and the effectiveness of macroprudential and capital flow management measures

Başkaya, Yusuf Soner; Shim, Ilhyock; Turner, Philip - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558719

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Financial development and the effectiveness of macroprudential and capital flow management measures

Başkaya, Yusuf Soner; Shim, Ilhyock; Turner, Philip - 2023

Book / Working Paper

Beware the side effects : capital controls, trade, misallocation and welfare

Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014312908

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Beware the Side Effects : Capital Controls, Trade, Misallocation and Welfare

Andreasen, Eugenia; Bauducco, Sofía; Dardati, Evangelina; … - 2023

Book / Working Paper

Do current and capital account liberalizations affect economic growth in the long run?

Gregori, Tullio; Giansoldati, Marco - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014329047

Benefits and costs : the impact of capital control on growth-at-risk in China

Zhou, Yang - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014543537

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Benefits and costs : the impact of capital control on growth-at-risk in China

Zhou, Yang - 2023

Book / Working Paper

Benefits and Costs : The Impact of Capital Control on Growth-at-Risk in China

Zhou, Yang - 2022

Book / Working Paper

Global Capital Controls in the Twenty-First Century : A Hierarchical Measure of Capital Controls

Peng, Hongfeng; Wang, Wenhao; Liu, Yanzhen; Xiao, Zumian; … - 2023

In this study, we construct a set of monthly de jure indexes that measure the on-going changes in capital controls in 190 countries from 1999 to 2019. The information about policy changes on capital accounts is extracted from the International Monetary Fund’s Annual Report on Exchange...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014350045