Are capital controls effective in the 21st Century? : the recent experience of Colombia

Are capital controls effective in the 21st Century? : the recent experience of Colombia / prepared by Benedict Clements and Herman Kamil.

This paper assesses the effects of capital controls imposed in Colombia in 2007 on capital flows and exchange rate dynamics. The results suggest that the controls were successful in reducing external borrowing, but had no statistically significant impact on the volume of non- FDI flows as a whole. W...

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Bibliographic Details
Main Authors: Clements, Benedict J. (Author), Kamil, Herman (Author)
Format: eBook
Language:English
Published: [Washington D.C.] : International Monetary Fund, 2009.
Series:IMF working paper ; WP/09/30.
Subjects:
Capital movements.
Foreign exchange rates > Econometric models.
Capital movements
Foreign exchange rates > Econometric models
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