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Capital Control Measures: A New Dataset

Author

Listed:
  • Andrés Fernández

    (InterAmerican Development Bank)

  • Michael W Klein

    (Fletcher School, Tufts University and NBER)

  • Alessandro Rebucci

    (Carey Business School, Johns Hopkins University)

  • Martin Schindler

    (International Monetary Fund and Joint Vienna Institute (JVI))

  • Martín Uribe

    (Columbia University and NBER)

Abstract

Abstract This paper presents a new data set of capital controls by inflows and outflows for 10 asset categories in 100 countries during 1995–2013. Building on the data in Schindler (2009) and other data sets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this data set covers additional asset categories, more countries, and a longer time period. The paper discusses in detail the construction of the data and characterizes them with respect to the prevalence and correlation of controls across asset categories and between inflow and outflow controls, the aggregation of the separate categories into broader indicators, the experience of some particular countries, and the comparison of these data with others indices of capital controls.

Suggested Citation

  • Andrés Fernández & Michael W Klein & Alessandro Rebucci & Martin Schindler & Martín Uribe, 2016. "Capital Control Measures: A New Dataset," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 64(3), pages 548-574, August.
  • Handle: RePEc:pal:imfecr:v:64:y:2016:i:3:d:10.1057_imfer.2016.11
    DOI: 10.1057/imfer.2016.11
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    References listed on IDEAS

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    More about this item

    Keywords

    F3; F36; F38;

    JEL classification:

    • F3 - International Economics - - International Finance
    • F38 - International Economics - - International Finance - - - International Financial Policy: Financial Transactions Tax; Capital Controls

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