Capital controls, collection costs and domestic public debt
AbstractThe implications of a large public debt for the implementation of capital controls for an economy where tax revenue collection is costly are examined. Conditions are analyzed under which policymakers will resort to capital controls to reduce the cost of recycling domestic public debt. The linkages between a costly tax collection mechanism, capital controls, am domestic government debt are explored in terms of a two-period m:x1el of optimal taxation. Numerical simulations are provided to illustrate haw capital controls are linked to different domestic public debt levels am to different degrees of efficiency in tax-revenue collection.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Elsevier in its journal Journal of International Money and Finance.
Volume (Year): 13 (1994)
Issue (Month): 1 (February)
Contact details of provider:
Web page: http://www.elsevier.com/locate/inca/30443
Other versions of this item:
- Joshua Aizenman & Pablo E. Guidotti, 1990. "Capital Controls, Collection Costs, and Domestic Public Debt," NBER Working Papers 3443, National Bureau of Economic Research, Inc.
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Leonardo Bartolini & Allan Drazen, 1996.
"Capital account liberalization as a signal,"
11, Federal Reserve Bank of New York.
- Windt, P.C. van der & Schaling, E. & Huizinga, H.P., 2007.
"Capital Controls and Foreign Investor Subsidies Implicit in South Africa's Dual Exchange Rate System,"
2007-91, Tilburg University, Center for Economic Research.
- Huizinga, Harry & Schaling, Eric & van der Windt, Peter C, 2007. "Capital Controls and Foreign Investor Subsidies Implicit in South Africa's Dual Exchange Rate System," CEPR Discussion Papers 6347, C.E.P.R. Discussion Papers.
- William Gissy, 1999. "Treasury bill rates and treasury cash reserves," Atlantic Economic Journal, International Atlantic Economic Society, vol. 27(4), pages 435-443, December.
- Eduardo Siandra, 1999. "La inversión extranjera de los fondos de pensiones y el desarrollo del mercado de capitales doméstico," Documentos de Trabajo (working papers) 0599, Department of Economics - dECON.
- Carmen M. Reinhart & M. Belen Sbrancia, 2011.
"The Liquidation of Government Debt,"
BIS Working Papers
363, Bank for International Settlements.
- Carmen M. Reinhart & M. Belen Sbrancia, 2011. "The Liquidation of Government Debt," NBER Working Papers 16893, National Bureau of Economic Research, Inc.
- Carmen M. & M. Belen Sbrancia, 2011. "The Liquidation of Government Debt," Working Paper Series WP11-10, Peterson Institute for International Economics.
- Joshua Aizenman, 2003.
"On the Hidden Links Between Financial and Trade Opening,"
NBER Working Papers
9906, National Bureau of Economic Research, Inc.
- Aizenman, Joshua, 2008. "On the hidden links between financial and trade opening," Journal of International Money and Finance, Elsevier, vol. 27(3), pages 372-386, April.
- Reisen, Helmut, 1997.
"Liberalizing foreign investments by pension funds: Positive and normative aspects,"
Elsevier, vol. 25(7), pages 1173-1182, July.
- Helmut Reisen, 1997. "Liberalising Foreign Investments by Pension Funds: Positive and Normative Aspects," OECD Development Centre Working Papers 120, OECD Publishing.
- Aizenman, Joshua & Jinjarak, Yothin, 2006.
"Globalization and Developing Countries - a Shrinking Tax Base ?,"
Santa Cruz Department of Economics, Working Paper Series
qt8r12k4xr, Department of Economics, UC Santa Cruz.
- Joshua Aizenman & Yothin Jinjarak, 2009. "Globalisation and Developing Countries - a Shrinking Tax Base?," The Journal of Development Studies, Taylor and Francis Journals, vol. 45(5), pages 653-671.
- Joshua Aizenman & Yothin Jinjarak, 2006. "Globalization and Developing Countries - A Shrinking Tax Base?," NBER Working Papers 11933, National Bureau of Economic Research, Inc.
- Impavido, Gregorio & Musalem, Alberto R. & Vittas, Dimitri, 2002. "Contractual savings in countries with a small financial sector," Policy Research Working Paper Series 2841, The World Bank.
- Joshua Aizenman, 1998. "Privatization in Emerging Markets," NBER Working Papers 6524, National Bureau of Economic Research, Inc.
- Stefano Battilossi, 2003.
"Capital Mobility And Financial Repression In Italy, 1960-1990: A Public Finance Perspective,"
Working Papers in Economic History
wh030602, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
- Battilossi, Stefano, . "Capital mobility and financial repression in Italy, 1960-1990 : a public finance perspective," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/402, Universidad Carlos III de Madrid.
- Joshua Aizenman & Gurnain Pasricha, 2013.
"Why Do Emerging Markets Liberalize Capital Outflow Controls? Fiscal versus Net Capital Flow Concerns,"
13-21, Bank of Canada.
- Joshua Aizenman & Gurnain Kaur Pasricha, 2013. "Why do emerging markets liberalize capital outflow controls? Fiscal versus net capital flow concerns," NBER Working Papers 18879, National Bureau of Economic Research, Inc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wendy Shamier).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.