The information content of capital controls
The information content of capital controls Image Capital controls, residency-based or currency-based measures used to regulate cross-country financial flows, are increasingly considered part of the standard financial stability policy toolkit for many emerging markets and developing economies (EMDEs). During the first quarter of 2020, the COVID-19 crisis caused unprecedented capital outflows from EMDEs, further highlighting the need for better understanding of capital flow management. A widely held view in the recent academic literature and policy institutions is that national authorities can...
Source: worldbank.org