Capital Flows and Foreign Exchange Intervention
نویسندگان
چکیده
منابع مشابه
Capital Flows and Foreign Exchange Regimes in the Colombian Economy
Since 1993, the Colombian Central Bank introduced a compulsory non-remunerated reserve requirement on capital inflows, which can be characterized as a Tobin tax. The main purpose of this paper is to evaluate the rationale and the effectiveness of this pricebased mechanism to regulate international capital flows. We defend the idea that those regulations were effective, although, of course, they...
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ژورنال
عنوان ژورنال: American Economic Journal: Macroeconomics
سال: 2019
ISSN: 1945-7707,1945-7715
DOI: 10.1257/mac.20160065