Capital controls in Chile: were they effective?

Controls on international capital flows have no place in a world without policy distortions and markt failures. Capital controls can only be justified as second-best measures to compensate for nonremovable policy distortions, including inadequate regulation and supervision of the financial and corpo...

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Autores principales: Gallego Yáñez, Francisco, Hernández T., Leonardo, Schmidt-Hebbel, Klaus
Formato: Artículo
Lenguaje:eng
Publicado: Banco Central de Chile 2019
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Acceso en línea:https://hdl.handle.net/20.500.12580/3647
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spelling oai-20.500.12580-36472021-04-24T10:57:28Z Capital controls in Chile: were they effective? Gallego Yáñez, Francisco Hernández T., Leonardo Schmidt-Hebbel, Klaus MOVIENTOS DE CAPITAL TIPO DE CAMBIO Controls on international capital flows have no place in a world without policy distortions and markt failures. Capital controls can only be justified as second-best measures to compensate for nonremovable policy distortions, including inadequate regulation and supervision of the financial and corporate sectors and excessive insurance against exchange rate risk under limited exchange rate flexibility, among others. 2019-11-01T00:01:35Z 2019-11-01T00:01:35Z 2002 Artículo 956-7421-072 https://hdl.handle.net/20.500.12580/3647 eng Serieson Central Banking, Analysis, and Economic Policies, no. 3 Attribution-NonCommercial-NoDerivs 3.0 Chile http://creativecommons.org/licenses/by-nc-nd/3.0/cl/ .pdf Sección o Parte de un Documento p. 361-412 application/pdf CHILE Banco Central de Chile
institution Banco Central
collection Banco Central
language eng
topic MOVIENTOS DE CAPITAL
TIPO DE CAMBIO
spellingShingle MOVIENTOS DE CAPITAL
TIPO DE CAMBIO
Gallego Yáñez, Francisco
Hernández T., Leonardo
Schmidt-Hebbel, Klaus
Capital controls in Chile: were they effective?
description Controls on international capital flows have no place in a world without policy distortions and markt failures. Capital controls can only be justified as second-best measures to compensate for nonremovable policy distortions, including inadequate regulation and supervision of the financial and corporate sectors and excessive insurance against exchange rate risk under limited exchange rate flexibility, among others.
format Artículo
author Gallego Yáñez, Francisco
Hernández T., Leonardo
Schmidt-Hebbel, Klaus
author_facet Gallego Yáñez, Francisco
Hernández T., Leonardo
Schmidt-Hebbel, Klaus
author_sort Gallego Yáñez, Francisco
title Capital controls in Chile: were they effective?
title_short Capital controls in Chile: were they effective?
title_full Capital controls in Chile: were they effective?
title_fullStr Capital controls in Chile: were they effective?
title_full_unstemmed Capital controls in Chile: were they effective?
title_sort capital controls in chile: were they effective?
publisher Banco Central de Chile
publishDate 2019
url https://hdl.handle.net/20.500.12580/3647
work_keys_str_mv AT gallegoyanezfrancisco capitalcontrolsinchileweretheyeffective
AT hernandeztleonardo capitalcontrolsinchileweretheyeffective
AT schmidthebbelklaus capitalcontrolsinchileweretheyeffective
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