The effectiveness of capital controls and macroprudential measures

Artikel

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: KDI Journal of Economic Policy ; ISSN: 2586-4130 ; Volume: 45 ; Year: 2023 ; Issue: 4 ; Pages: 1-22

Classification and Topics

• Classification: Wirtschaft ; International Financial Policy: Financial Transactions Tax; Capital Controls ; International Financial Markets ; Financial Institutions and Services: Government Policy and Regulation
• Subject: Capital Control ; Macroprudential Measure ; Financial Crisis

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Lee, Junyong ; Lee, Kyounghun ; Oh, Frederick Dongchuhl
• Event: Veröffentlichung
• (who): Korea Development Institute (KDI)
• (where): Sejong
• (when): 2023

Further information

• DOI: doi:10.23895/kdijep.2023.45.4.1
• Handle: http://hdl.handle.net/10419/282013
• Last update: 10.03.2025, 11:44 AM CET