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Capital Controls and the Timing of Exchange Regime Collapse

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NBER1987-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2250
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This paper investigates the nature of balance of payments crises in regimes with capital controls. It extends earlier work on capital controls by assuming that households manage their consumption and asset portfolios to maximize intertemporal utility. Our main result is that capital controls are
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1987-05-01
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