Joshua Aizenman - Latest - Bank of Canada
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Bank of Canada RSS Feedsen2024-03-29T14:37:03+00:00Domestic and Multilateral Effects of Capital Controls in Emerging Markets
https://www.bankofcanada.ca/2015/10/working-paper-2015-37/
Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001–11, we provide new evidence on domestic and multilateral (or spillover) effects of capital controls.2015-10-23T10:31:48+00:00enDomestic and Multilateral Effects of Capital Controls in Emerging Markets2015-10-23Econometric and statistical methodsFinancial system regulation and policiesInternational financial marketsInternational topicsMonetary policy frameworkWorking Paper 2015-37https://www.bankofcanada.ca/wp-content/uploads/2015/10/wp2015-37.pdfDomestic and Multilateral Effects of Capital Controls in Emerging MarketsGurnain PasrichaMatteo FalagiardaMartin BijsterboschJoshua AizenmanOctober 2015FF3F32F4F41F42GG1G15Why 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 2013FF3F32GG1G15Determinants of Financial Stress and Recovery during the Great Recession
https://www.bankofcanada.ca/2011/11/working-paper-2011-24/
In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing of emergence of internal financial stress in developing economies, and the size of the peak-trough declines in the stock price indices was comparable to that in high income countries, indicating that there was no decoupling, even before Lehman Brothers’ demise.2011-11-04T12:07:29+00:00enDeterminants of Financial Stress and Recovery during the Great Recession2011-11-04Balance of payments and componentsFinancial marketsInternational topicsWorking Paper 2011-24https://www.bankofcanada.ca/wp-content/uploads/2011/11/wp2011-24.pdfDeterminants of Financial Stress and Recovery during the Great RecessionJoshua AizenmanGurnain PasrichaOctober 2011FF3F32GG1G15