Capital Account Policies in Emerging Asian Economies: Are They Effective in the 2000s?

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dc.contributor.authorADB; Jongwanich, Juthathip
dc.date.accessioned2021-10-05T15:04:50Z
dc.date.available2021-10-05T15:04:50Z
dc.date.issued2019-04
dc.descriptionThis paper examines the effectiveness of capital account policies for 10 emerging Asian economies from 2000 to 2015. The results show that some types of capital controls are effective for reducing the volume of capital flows and pressure on real exchange rates. The choice of exchange rate regime matters for the effectiveness of capital controls in fostering monetary policy independence. The study shows that strong economic fundamentals are more important than capital account policy for changing the composition of capital inflows toward more stable and long-term flows.
dc.format.extent58
dc.identifier.isbnN/A
dc.identifier.isbnN/A
dc.identifier.issn2313-6537
dc.identifier.issn2313-6545
dc.identifier.urihttps://www.adb.org/publications/capital-account-policies-emerging-asian-economies
dc.identifier.urihttps://hdl.handle.net/20.500.14540/5641
dc.subject.otherEconomics
dc.subject.otherFinance sector development
dc.subject.otherFinancial policy
dc.subject.otherPublic financial management
dc.titleCapital Account Policies in Emerging Asian Economies: Are They Effective in the 2000s?
local.publication.countryRegional - Asia and the Pacific

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