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

Epstein (economics, U. of Massachusetts) and colleagues look at connections between financial liberalization, financial crises, and capital flight in the 1980s

The right of governments to employ capital controls has always been the official orthodoxy of the International Monetary Fund, and the organization's formal rul

In Ruling Capital, Kevin P. Gallagher demonstrates how several emerging market and developing countries (EMDs) managed to reregulate cross-border financial flow

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