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On the Desirability of Capital Controls

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NBER2016-01-01 更新2025-01-04 收录
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In a standard two country international macro model we ask whether imposing restrictions on international non-contingent borrowing and lending is ever desirable. The answer is yes. If one country imposes capital controls unilaterally, it can generate favorable changes in the dynamics of equilibrium

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2016-01-01
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