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Bank of Canada RSS Feedsen2024-03-29T14:13:24+00:00Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns
https://www.bankofcanada.ca/2013/07/working-paper-2013-21/
In this paper, we provide empirical evidence on the factors that motivated emerging economies to change their capital outflow controls in recent decades. Liberalization of capital outflow controls can allow emerging-market economies (EMEs) to reduce net capital inflow (NKI) pressures, but may cost their governments the fiscal revenues that external financial repression generates.2013-07-03T13:42:12+00:00enWhy Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns2013-07-03Debt managementFinancial system regulation and policiesInternational topicsRecent economic and financial developmentsWorking Paper 2013-21https://www.bankofcanada.ca/wp-content/uploads/2013/07/wp2013-21.pdfWhy Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow ConcernsJoshua AizenmanGurnain PasrichaJuly 2013FF3F32GG1G15