RT Journal Article
T1 Effectiveness of Capital Account Regulation: Lessons from Brazil and Peru
A1 Aguirre Carmona, Pablo
A1 Alonso Rodríguez, José Antonio
A1 Jerez Méndez, Miguel
AB 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
PB Elsevier
SN 1059-0560
YR 2019
FD 2019
LK https://hdl.handle.net/20.500.14352/93294
UL https://hdl.handle.net/20.500.14352/93294
LA eng
NO Aguirre, Pablo, José Antonio Alonso, y Miguel Jerez. «Effectiveness of Capital Account Regulation: Lessons from Brazil and Peru». International Review of Economics & Finance 64 (noviembre de 2019): 176-94. https://doi.org/10.1016/j.iref.2019.05.011.
NO Universidad Complutense de Madrid
DS Docta Complutense
RD 7 abr 2025