Person:
Alonso Rodríguez, José Antonio

Profile Picture
First Name
José Antonio
Last Name
Alonso Rodríguez
URI
https://hdl.handle.net/20.500.14352/74888
Affiliation
Universidad Complutense de Madrid
Faculty / Institute
Ciencias Económicas y Empresariales
Department
Economía Aplicada, Estructura e Historia
Area
Economía Aplicada
Identifiers
UCM identifierORCIDScopus Author IDDialnet ID

Filters

20191
Reset filters

Settings

Author: Aguirre Carmona, Pablo × Subject: F32 ×

Search Results

Now showing 1 - 1 of 1
  • Thumbnail Image
    Item
    Effectiveness of Capital Account Regulation: Lessons from Brazil and Peru
    (International Review of Economics & Finance, 2019) Aguirre Carmona, Pablo; Alonso Rodríguez, José Antonio; Jerez Méndez, Miguel
    This paper econometrically analyses the effectiveness of capital account regulation in Brazil and Peru between 2008 and 2013. The analysis, based on new indices that carefully compute regulatory changes in both countries, suggests that Brazil was successful only in shifting the composition of inflows toward longer-term, but not in curbing its aggregate volume. Peru managed to cut short-term inflows addressed to assets issued by the Central Bank, but the short-term inflows received by commercial banks remained unaffected. Regulators’ decisions about the measures selected and the resolute on their implementation, under a cost-benefit analysis, seem to be determinant for effectivenes