Effectiveness of Capital Restrictions: Do Regional and Income Differences Matter?

Date: June 2011
Type: Papers and Briefs
Series: Economics Working Papers
ISSN: 1655-5252 (print)
Author: Gochoco-Bautista, Maria Socorro; Francisco, Ruth


This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995 - 2007. The results show that differences in regional and income levels matter for the effectiveness of capital restrictions.


  • Abstract
  • Introduction
  • Capital Restrictions Indexes
  • Empirical Methodology
  • Results and Discussion
  • Conclusions
  • Appendix
  • References