Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capit

This paper borrows the tradition of estimating policy reaction functions from monetary policy literature to ask whether capital controls respond to macroprudent

Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economis

The global financial crisis and its aftermath saw boom-bust cycles in cross-border capital flows of astounding magnitude. Issues of capital account liberalizati

Economists and policymakers are still trying to understand the lessons recent financial crises in Asia and other emerging market countries hold for the future o