Published in:Asian Development Bank Economics Working Paper Series ; No. 224
Extent:
1 Online-Ressource (37 p)
Language:
English
DOI:
10.2139/ssrn.1793462
Identifier:
Origination:
Footnote:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments February 2011 erstellt
Description:
This study examines the effects of capital account restrictions on capital flows in nine Asian economies over the period 1995-2005 using panel regressions with fixed effects. The results show that capital controls significantly affect capital flows when such flows are disaggregated by asset type and direction of flow. Tests for the presence of possible asymmetric effects, substitution effects, and endogeneity of capital controls are conducted