Capital Control Policy Changes, 1951-1998

This collection measures capital control policy changes using the International Monetary Fund's (IMF) yearly summary of each member state's financial regulations. In the country reports each year, the IMF describes and dates all significant changes in each state's regulations on trade, payments, and capital movement policies. The IMF's written descriptions for each reported change in each country were converted into a set of numeric variables. The survey covered 19 parliamentary democracies that have been continuously democratic since 1951, the first year for which the IMF reported regulatory changes. Since this collection focuses on investment capital, it does not include regulatory changes relating to tourist allocations or payments for services. The date of each regulatory change is included as well as dummy variables which measure whether the change, based on IMF descriptions, was restricting or liberalizing.

本数据集通过采用国际货币基金组织（IMF）对各国金融法规年度概要的总结，对资本控制政策的变化进行了量化评估。在每年的国家报告中，IMF详细描述并记录了各成员国在贸易、支付和资本流动政策方面的所有重大调整及其发生时间。对于每项报告的变化，IMF的书面描述均被转化为一系列数值变量。本调查涵盖了自1951年IMF首次报告监管变化以来，持续保持议会民主制的19个国家。鉴于本数据集专注于投资资本，故不包括与旅游分配或服务支付相关的监管变化。此外，每一项监管变化的发生日期以及作为虚拟变量的变化性质（根据IMF描述，为限制性或自由化性）也被纳入其中。