Capital Flows to Brazil : The Endogeneity of Capital Controls

The Endogeneity of Capital Controls

Capital Flows to Brazil : The Endogeneity of Capital Controls
This paper creates an index of capital controls to analyze the determinants of capital flows to Brazil, accounting for the endogeneity of capital controls by considering a government that sets controls in response to capital flows. It finds that the government reacts strongly to capital flows by increasing controls on inflows during booms and... READ MORE...

Publication date: September 1997
ISBN 9781451942989
$15.00

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