Financial Looting and Controls on Resident Outflows
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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).
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美国国家经济研究局创建时间：
2025-02-01
