Capital flow deflection under the magnifying glass

Filippo Gori ; Etienne Lepers ; Caroline Mehigan

Organisation for Economic Co-operation and Development

关键词: Capital controls;    Bilateral capital flows;    Externalities;    Spillovers;    Emerging markets;   

DOI  :  https://doi.org/10.1787/398180d0-en

学科分类：社会科学、人文和艺术（综合）

来源: OECD iLibrary

【 摘 要 】

In a financially interconnected world, individual countries’ policy choices affect other economies and can become a source of international shocks. Leveraging on a new quarterly dataset of capital control adjustments, we find renewed evidence that the introduction of capital controls in one economy increases capital inflows to other similar borrowing economies.