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Capital Controls: Theory and Evidence

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NBER2019-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26447
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This paper synthesizes recent advances in the theoretical and empirical literature on capital controls. We start by observing that international capital flows have both benefits and costs, but some of these are not internalized by individual actors and thus constitute externalities. The theoretical
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2019-11-01
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