Artikel
The effectiveness of capital controls and macroprudential measures
We review the literature on the effectiveness of capital controls and macroprudential measures. First, we explain the purposes and examples of capital controls and macroprudential policies. We then analyze various theoretical models and empirical findings from prior studies that investigate the effectiveness of each instrument. Moreover, we review several studies that directly compare the two instruments and discuss whether policymakers should implement capital controls or macroprudential measures to overcome financial crises. Finally, based on a discussion of the findings of previous studies, we suggest several possible avenues for future research.
- Sprache
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Englisch
- Erschienen in
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Journal: KDI Journal of Economic Policy ; ISSN: 2586-4130 ; Volume: 45 ; Year: 2023 ; Issue: 4 ; Pages: 1-22
- Klassifikation
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Wirtschaft
International Financial Policy: Financial Transactions Tax; Capital Controls
International Financial Markets
Financial Institutions and Services: Government Policy and Regulation
- Thema
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Capital Control
Macroprudential Measure
Financial Crisis
- Ereignis
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Geistige Schöpfung
- (wer)
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Lee, Junyong
Lee, Kyounghun
Oh, Frederick Dongchuhl
- Ereignis
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Veröffentlichung
- (wer)
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Korea Development Institute (KDI)
- (wo)
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Sejong
- (wann)
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2023
- DOI
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doi:10.23895/kdijep.2023.45.4.1
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Lee, Junyong
- Lee, Kyounghun
- Oh, Frederick Dongchuhl
- Korea Development Institute (KDI)
Entstanden
- 2023