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| 02168cam 2200337za 4500 |
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| 001 | 9.847604 |
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| 003 | CaOODSP |
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| 005 | 20221107153459 |
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| 007 | cr ||||||||||| |
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| 008 | 171123s2017 oncd obs f000 0 eng d |
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| 040 | |aCaOODSP|beng |
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| 041 | |aeng|bfre |
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| 043 | |an-cn--- |
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| 086 | 1 |aFB3-5/2017-42E-PDF |
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| 100 | 1 |aPasricha, Gurnain Kaur. |
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| 245 | 10|aPolicy rules for capital controls |h[electronic resource] / |cby Gurnain Pasricha. |
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| 260 | |a[Ottawa] : |bBank of Canada, |c2017. |
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| 300 | |aiii, 50 p. : |bcol. charts |
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| 490 | 1 |aBank of Canada staff working paper, |x1701-9397 ; |v2017-42 |
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| 500 | |a"October 2017." |
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| 504 | |aIncludes bibliographical references (42-44). |
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| 520 | |a“Are capital controls macroprudential or mercantilist? This question is of great importance in the ongoing reshaping of the global financial architecture, but there is surprisingly little empirical evidence on how these tools have actually been used by emerging markets. The paper asks with which objectives — macroprudential or mercantilist — have policy-makers in emerging economies used capital controls. It takes a policy reaction function approach, clearly delineating the different motivations, and the trade-offs therein. The paper uses a detailed weekly dataset on capital controls policy that directly measures policy actions by 21 major emerging-market economies (EMEs) over the period 2001–2015. It also proposes a novel proxy for mercantilist concerns to disentangle them from macroprudential concerns. This proxy measures the real appreciation of an EME’s currency against its top five trade competitors"--Non-technical summary, p. 2. |
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| 546 | |aIncludes abstract in French. |
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| 692 | 07|2gccst|aInternational finance |
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| 692 | 07|2gccst|aCapital markets |
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| 692 | 07|2gccst|aExchange rates |
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| 692 | 07|2gccst|aMonetary policy |
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| 692 | 07|2gccst|aStatistical analysis |
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| 710 | 2 |aBank of Canada. |
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| 830 | #0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2017-42|w(CaOODSP)9.806221 |
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| 856 | 40|qPDF|s2.48 MB|uhttps://publications.gc.ca/collections/collection_2017/banque-bank-canada/FB3-5-2017-42-eng.pdf |
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