Aguirre Carmona, PabloAlonso Rodríguez, José AntonioJerez Méndez, Miguel2024-01-162024-01-162019-05-25Aguirre, 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): 176–941059-056010.1016/j.iref.2019.05.011https://hdl.handle.net/20.500.14352/93294This 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 effectivenesengAttribution 4.0 Internationaljournal articlehttps://www.sciencedirect.com/science/article/pii/S1059056018303927?via%3Dihubopen accessF38 F650G280F32F41F650Capital flowsCapital controlsCapital account regulationBrazilPeruEconomía internacional5304 Actividad Económica5310 Economía Internacional