Aguirre Carmona, PabloAlonso Rodríguez, José Antonio2024-01-162024-01-162020Aguirre, Pablo, y José Antonio Alonso. «What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland». Journal of Economic Issues 54, n.o 3 (2 de julio de 2020): 772-97. https://doi.org/10.1080/00213624.2020.1787052.1946-326X10.1080/00213624.2020.1787052https://hdl.handle.net/20.500.14352/93295Empirical studies confirm that the impact of capital account regulation (CAR) is highly case-specific, which underlines the need to identify the determinants of CAR effectiveness in greater depth. Coming from a political economy perspective, this article aims to contribute to this subject by comparing three experiences of intense regulation: Brazil (2008-2013), Peru (2008-2013), and Iceland (2008-2017). The main result encountered is that the bargaining power of the different sectors involved in regulation represents a crucial factor in explaining the impact of this policy. Furthermore, domestic banks play an important role in the effectiveness of capital account regulationengAttribution 4.0 Internationalhttp://creativecommons.org/licenses/by/4.0/journal articlehttps://doi.org/10.1080/00213624.2020.1787052https://www.tandfonline.com/doi/full/10.1080/00213624.2020.1787052open access658.147657.411Capital account regulationCapital controlsBrazilPeruIcelandEconomía regionalEconomía internacional5310 Economía Internacional