Regulating Capital Flows at Both Ends: Does it Work?
beSpacific 2014-10-18
Summary:
IMF – Atish R. Ghosh; Mahvash Saeed Qureshi; Naotaka Sugawara, October 17, 2014 “This paper examines whether cross-border capital flows can be regulated by imposing capital account restrictions (CARs) in both source and recipient countries, as was originally advocated by John Maynard Keynes and Harry Dexter White. To this end, we use data on bilateral […]