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150128 ||| eng |
| 020 |
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|a 9781451930931
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| 245 |
0 |
0 |
|a IMF Staff papers
|b Volume 43 No. 4
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 1996
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| 300 |
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|a 212 pages
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| 651 |
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4 |
|a United States
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| 653 |
|
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|a Inflation
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| 653 |
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|a Tax Evasion and Avoidance
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| 653 |
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|a Labour
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| 653 |
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|a Public finance & taxation
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| 653 |
|
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|a Monetary economics
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| 653 |
|
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|a Wages, Compensation, and Labor Costs: General
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| 653 |
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|a Deflation
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| 653 |
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|a Fiscal Policy
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| 653 |
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|a Balance of payments
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| 653 |
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|a Long-term Capital Movements
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| 653 |
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|a Fiscal consolidation
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| 653 |
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|a Exports and Imports
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| 653 |
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|a Fiscal policy
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| 653 |
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|a Disinflation
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| 653 |
|
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|a International economics
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| 653 |
|
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|a Labor
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| 653 |
|
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|a Price Level
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| 653 |
|
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|a Tax evasion
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| 653 |
|
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|a Capital controls
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| 653 |
|
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|a Prices
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| 653 |
|
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|a Macroeconomics
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| 653 |
|
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|a Monetary policy
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| 653 |
|
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|a Wages
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| 653 |
|
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|a Capital movements
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| 653 |
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|a Monetary Policy
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| 653 |
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|a Money and Monetary Policy
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| 653 |
|
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|a Income economics
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| 653 |
|
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|a International Investment
|
| 710 |
2 |
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|a International Monetary Fund
|b Research Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
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| 989 |
|
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|b IMF
|a International Monetary Fund
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| 490 |
0 |
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|a IMF Staff Papers
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| 028 |
5 |
0 |
|a 10.5089/9781451930931.024
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| 856 |
4 |
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|u https://elibrary.imf.org/view/journals/024/1996/004/024.1996.issue-004-en.xml?cid=27517-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
0 |
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|a 330
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| 520 |
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|a This paper reviews recent theoretical and empirical work on controls over International capital movements. Theoretical contributions reviewed focus on “second-best “ arguments for capital market restrictions, as well as arguments based on multiple equilibria. The empirical literature suggests that controls have been “effective “ in the narrow sense of influencing yield differentials. But there is little evidence that controls have helped governments meet policy objectives, with the exception of reducing the governments’ debt-service costs, and no evidence that controls have enhanced economic welfare in a manner suggested by theory
|