Capital account liberalization as a signal
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Author
Contributions
- Drazen, Allan. - Contributor
- National Bureau of Economic Research. - Contributor
Publication
1996 - National Bureau of Economic Research, Cambridge, MA, Massachusetts
Language
English
Word Count
7,250 words, Guess
Page Count
29 pages
Identifiers
- OCLC Control Number35661246
- Open LibraryOL22412156M
Description
"This paper presents a model in which a government's current capital controls policy signals future policies. Controls on capital outflows evolve in response to news on technology, contingent on government attitudes toward taxation of capital. When there is uncertainty over government types, a policy of liberal capital outflows sends a positive signal that may trigger a capital inflow. This prediction is consistent with the experience of several countries that have recently liberalized their capital accounts"--Federal Reserve Bank of New York web site.
Subjects
Topics
Series Statement
- NBER working paper series -- no. 5725
- Working paper series (National Bureau of Economic Research) -- working paper no. 5725.
Links
Other Editions
- Capital account liberalization as a signal
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