Effectiveness of Capital Restrictions: Do Regional and Income Differences Matter?
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.
- Capital Restrictions Indexes
- Empirical Methodology
- Results and Discussion