Financial Looting and Controls on Resident Outflows
收藏NBER2025-02-01 更新2025-02-15 收录
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https://www.nber.org/papers/w33406
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资源简介：
This paper develops a theory of preemptive controls on capital outflows by residents as a second-best tool to mitigate boom-bust cycles in domestic asset markets and prevent wealth transfers from uninformed traders to pump-and-dump speculators, or financial looters, as in Akerlof and Romer (1993).
提供机构：
美国国家经济研究局
创建时间：
2025-02-01
