Effectiveness of Capital Account Regulation: Lessons from Brazil and Peru

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dc.contributor.authorAguirre Carmona, Pablo
dc.contributor.authorAlonso Rodríguez, José Antonio
dc.contributor.authorJerez Méndez, Miguel
dc.date.accessioned2024-01-16T10:09:24Z
dc.date.available2024-01-16T10:09:24Z
dc.date.issued2019-05-25
dc.description.abstractThis 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
dc.description.departmentDepto. de Economía Aplicada, Estructura e Historia
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.statuspub
dc.identifier.citationAguirre, P., Alonso, J. A. y Jerez, M. (2019). ‘Effectiveness of Capital Account Regulation: Lessons from Brazil and Peru’. International Review of Economics & Finance 64 (November 2019): 176–94
dc.identifier.doi10.1016/j.iref.2019.05.011
dc.identifier.issn1059-0560
dc.identifier.officialurlhttps://www.sciencedirect.com/science/article/pii/S1059056018303927?via%3Dihub
dc.identifier.urihttps://hdl.handle.net/20.500.14352/93294
dc.journal.titleInternational Review of Economics & Finance
dc.language.isoeng
dc.page.final194
dc.page.initial176
dc.publisherElsevier
dc.rightsAttribution 4.0 Internationalen
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/
dc.subject.jelF38 F650
dc.subject.jelG280
dc.subject.jelF32
dc.subject.jelF41
dc.subject.jelF650
dc.subject.keywordCapital flows
dc.subject.keywordCapital controls
dc.subject.keywordCapital account regulation
dc.subject.keywordBrazil
dc.subject.keywordPeru
dc.subject.ucmEconomía internacional
dc.subject.unesco5304 Actividad Económica
dc.subject.unesco5310 Economía Internacional
dc.titleEffectiveness of Capital Account Regulation: Lessons from Brazil and Peru
dc.typejournal article
dc.type.hasVersionAM
dc.volume.number64
dspace.entity.typePublication
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relation.isAuthorOfPublication8006951d-55b4-450f-8dc3-e6e7de69818d
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relation.isAuthorOfPublication.latestForDiscoveryf7aa500a-633f-4d57-a65b-a4686e670d8b
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