Protect and survive? Did capital controls help shield emerging markets from the crisis?
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009.
"Financial Globalization: A Reappraisal,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 8-62, April.
- M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(2), pages 143-197.
- Mr. Ayhan Kose & Mr. Eswar S Prasad & Mr. Kenneth Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," IMF Working Papers 2006/189, International Monetary Fund.
- Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2006. "Financial Globalization: A Reappraisal," CEPR Discussion Papers 5842, C.E.P.R. Discussion Papers.
- M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
- Ranciere, Romain & Tornell, Aaron & Westermann, Frank, 2006.
"Decomposing the effects of financial liberalization: Crises vs. growth,"
Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3331-3348, December.
- Romain Ranciere & Aaron Tornell & Frank Westermann, 2006. "Decomposing the Effects of Financial Liberalization: Crises vs. Growth," NBER Working Papers 12806, National Bureau of Economic Research, Inc.
- Romain Ranciere & Aaron Tornell & Frank Westermann, 2006. "Decomposing the Effects of Financial Liberalization: Crises vs. Growth," IEER Working Papers 74, Institute of Empirical Economic Research, Osnabrueck University.
- Makram El‐Shagi, 2012.
"The Distorting Impact of Capital Controls,"
German Economic Review, Verein für Socialpolitik, vol. 13(1), pages 41-55, February.
- El-Shagi Makram, 2012. "The Distorting Impact of Capital Controls," German Economic Review, De Gruyter, vol. 13(1), pages 41-55, February.
- Sebastian Edwards, 1999. "Crisis Prevention: Lessons from Mexico and East Asia," NBER Working Papers 7233, National Bureau of Economic Research, Inc.
- Glick, Reuven & Hutchison, Michael, 2005.
"Capital controls and exchange rate instability in developing economies,"
Journal of International Money and Finance, Elsevier, vol. 24(3), pages 387-412, April.
- Reuven Glick & Michael M. Hutchison, 2002. "Capital controls and exchange rate instability in developing economies," Pacific Basin Working Paper Series 2000-05, Federal Reserve Bank of San Francisco.
- Makram El-Shagi, 2007. "Die Einführung von Kapitalverkehrskontrollen mit Korruptionsabsichten," List Forum Chapter, in: List Gesellschaft e.V. (ed.), List Forum Band 33, edition 1, volume 4, chapter 16, pages 330-356, List Gesellschaft e.V..
- Dennis P. Quinn & A. Maria Toyoda, 2008. "Does Capital Account Liberalization Lead to Growth?," The Review of Financial Studies, Society for Financial Studies, vol. 21(3), pages 1403-1449, May.
- M Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009.
"Financial Globalization: A Reappraisal,"
IMF Staff Papers, Palgrave Macmillan, vol. 56(1), pages 8-62, April.
- M. Ayhan Kose & Eswar Prasad & Kenneth Rogoff & Shang-Jin Wei, 2009. "Financial Globalization: A Reappraisal," Panoeconomicus, Savez ekonomista Vojvodine, Novi Sad, Serbia, vol. 56(2), pages 143-197, June.
- Mr. Ayhan Kose & Mr. Eswar S Prasad & Mr. Kenneth Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," IMF Working Papers 2006/189, International Monetary Fund.
- Rogoff, Kenneth & Wei, Shang-Jin & Prasad, Eswar & Kose, M. Ayhan, 2006. "Financial Globalization: A Reappraisal," CEPR Discussion Papers 5842, C.E.P.R. Discussion Papers.
- M. Ayhan Kose & Eswar Prasad & Kenneth S. Rogoff & Shang-Jin Wei, 2006. "Financial Globalization: A Reappraisal," NBER Working Papers 12484, National Bureau of Economic Research, Inc.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Axel Dreher, 2013. "Joseph P. Joyce. 2013. The IMF and global financial crises. Phoenix rising? (Cambridge: Cambridge University Press)," The Review of International Organizations, Springer, vol. 8(3), pages 415-418, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Xiuping Hua & Anders C. Johansson & Xun Wang, 2017.
"National and regional financial openness in China,"
Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 15(2), pages 127-140, April.
- Hua, Xiuping & Johansson, Anders C. & Wang, Xun, 2015. "National and Regional Financial Openness in China," Stockholm School of Economics Asia Working Paper Series 2015-38, Stockholm School of Economics, Stockholm China Economic Research Institute.
- Boikos, Spyridon & Panagiotidis, Theodore & Voucharas, Georgios, 2022.
"Financial development, reforms and growth,"
Economic Modelling, Elsevier, vol. 108(C).
- Spyridon Boikos & Theodore Panagiotidis & Georgios Voucharas, 2021. "Financial Development, Reforms and Growth," Bank of Lithuania Working Paper Series 98, Bank of Lithuania.
- Spyridon Boikos & Theodore Panagiotidis & Georgios Voucharas, 2021. "Financial Development, Reforms and Growth," Working Paper series 21-24, Rimini Centre for Economic Analysis.
- Spyridon Boikos & Theodore Panagiotidis & Georgios Voucharas, 2022. "Financial Development, Reforms and Growth," Discussion Paper Series 2022_07, Department of Economics, University of Macedonia, revised Sep 2022.
- Ghosh, Atish R. & Ostry, Jonathan D. & Qureshi, Mahvash S., 2018. "Taming the Tide of Capital Flows: A Policy Guide," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262037165, April.
- Rodriguez, Cesar M., 2017. "The growth effects of financial openness and exchange rates," International Review of Economics & Finance, Elsevier, vol. 48(C), pages 492-512.
- Donadelli, M. & Gufler, I. & Paradiso, A., 2024. "Financial market integration: A complex and controversial journey," International Review of Financial Analysis, Elsevier, vol. 92(C).
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José-Luis Peydró, 2013.
"Financial Regulation, Financial Globalization, and the Synchronization of Economic Activity,"
Journal of Finance, American Finance Association, vol. 68(3), pages 1179-1228, June.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2013. "Financial regulation, financial globalization, and the synchronization of economic activity," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 68(3), pages 1179-1228.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & José Luis Peydró, 2009. "Financial Regulation, Financial Globalization and the Synchronization of Economic Activity," NBER Working Papers 14887, National Bureau of Economic Research, Inc.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Peydró, José-Luis, 2010. "Financial regulation, financial globalization and the synchronization of economic activity," Working Paper Series 1221, European Central Bank.
- Jean-Pierre Allegret & Sana Azzabi, 2014.
"Intégration financière internationale et croissance économique dans les pays émergents et en développement : le canal du développement financier,"
Revue d’économie du développement, De Boeck Université, vol. 22(3), pages 27-68.
- Jean-Pierre Allegret & Sana Azzabi, 2014. "Intégration financière internationale et croissance économique dans les pays émergents et en développement : le canal du développement financier," Post-Print hal-01385944, HAL.
- Gianni De Nicolo & Luciana Juvenal, 2010. "Financial integration and risk-adjusted growth opportunities: a global perspective," Working Papers 2010-012, Federal Reserve Bank of St. Louis.
- Moshirian, Fariborz & Tian, Xuan & Zhang, Bohui & Zhang, Wenrui, 2021. "Stock market liberalization and innovation," Journal of Financial Economics, Elsevier, vol. 139(3), pages 985-1014.
- Estrada, Gemma Esther & Park, Donghyun & Ramayandi, Arief, 2015. "Financial Development, Financial Openness, and Economic Growth," ADB Economics Working Paper Series 442, Asian Development Bank.
- Beine, Michel & Lodigiani, Elisabetta & Vermeulen, Robert, 2012.
"Remittances and financial openness,"
Regional Science and Urban Economics, Elsevier, vol. 42(5), pages 844-857.
- Michel Beine & Elisabetta Lodigiani & Robert Vermeulen, 2009. "Remittances and Financial Openness," DEM Discussion Paper Series 09-09, Department of Economics at the University of Luxembourg.
- Michel Beine & Elisabetta Lodigiani & Robert Vermuelen, 2010. "Remittances and Financial Openness," Development Working Papers 299, Centro Studi Luca d'Agliano, University of Milano.
- Michel Beine & Elisabetta Lodigiani & Robert Vermeulen, 2010. "Remittances and Financial Openness," CESifo Working Paper Series 3090, CESifo.
- Georgios Chortareas & Georgios Magkonis & Demetrios Moschos & Theodore Panagiotidis, 2015. "Financial Development and Economic Activity in Advanced and Developing Open Economies: Evidence from Panel Cointegration," Review of Development Economics, Wiley Blackwell, vol. 19(1), pages 163-177, February.
- Claudius Gräbner & Philipp Heimberger & Jakob Kapeller & Florian Springholz, 2021. "Understanding economic openness: a review of existing measures," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(1), pages 87-120, February.
- Coeurdacier, Nicolas & Rey, Hélène & Winant, Pablo, 2020.
"Financial integration and growth in a risky world,"
Journal of Monetary Economics, Elsevier, vol. 112(C), pages 1-21.
- Rey, Hélène & Coeurdacier, Nicolas & Winant, Pablo, 2015. "Financial Integration and Growth in a Risky World," CEPR Discussion Papers 11009, C.E.P.R. Discussion Papers.
- Nicolas Coeurdacier & Hélène Rey & Pablo Winant, 2015. "Financial Integration and Growth in a Risky World," NBER Working Papers 21817, National Bureau of Economic Research, Inc.
- Nicolas Coeurdacier & Hélène Rey & Pablo Winant, 2020. "Financial Integration and Growth in a Risky World," SciencePo Working papers Main hal-03799686, HAL.
- Nicolas Coeurdacier & Hélène Rey & Pablo Winant, 2020. "Financial Integration and Growth in a Risky World," Post-Print hal-03799686, HAL.
- Bekaert, Geert & Harvey, Campbell R. & Lundblad, Christian, 2011.
"Financial Openness and Productivity,"
World Development, Elsevier, vol. 39(1), pages 1-19, January.
- Geert Bekaert & Campbell R. Harvey & Christian Lundblad, 2009. "Financial Openness and Productivity," NBER Working Papers 14843, National Bureau of Economic Research, Inc.
- Ayhan Kose, M. & Prasad, Eswar S. & Taylor, Ashley D., 2011.
"Thresholds in the process of international financial integration,"
Journal of International Money and Finance, Elsevier, vol. 30(1), pages 147-179, February.
- Kose, M. Ayhan & Prasad, Eswar & Taylor, Ashley D., 2009. "Thresholds in the Process of International Financial Integration," IZA Discussion Papers 4133, Institute of Labor Economics (IZA).
- Kose, M. Ayhan & Prasad, Eswar S. & Taylor, Ashley D., 2009. "Thresholds in the process of international financial integration," Policy Research Working Paper Series 5149, The World Bank.
- M. Ayhan Kose & Eswar S. Prasad & Ashley D. Taylor, 2009. "Thresholds in the Process of International Financial Integration," NBER Working Papers 14916, National Bureau of Economic Research, Inc.
- Barbara Meller, 2013. "The two-sided effect of financial globalization on output volatility," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 149(3), pages 477-504, September.
- N. R. Bhanumurthy & Lokendra Kumawat, 2020.
"Financial Globalization and Economic Growth in South Asia,"
South Asia Economic Journal, Institute of Policy Studies of Sri Lanka, vol. 21(1), pages 31-57, March.
- Bhanumurthy, N R & Kumawat, Lokendra, 2018. "Financial Globalisation and Economic Growth in South Asia," Working Papers 18/233, National Institute of Public Finance and Policy.
- Abdul Rashid & Fazal Husain, 2013.
"Capital Inflows, Inflation, and the Exchange Rate Volatility- An Investigation for Linear and Nonlinear Causal Linkages,"
The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 52(3), pages 183-206.
- Abdul Rashid & Fazal Husain, 2010. "Capital Inflows, Inflation and Exchange Rate Volatility: An Investigation for Linear and Nonlinear Causal Linkages," PIDE-Working Papers 2010:63, Pakistan Institute of Development Economics.
- Abdul Rashid & Fazal Husain, 2010. "Capital Inflows, Inflation and Exchange Rate Volatility : An Investigation for Linear and Nonlinear Causal Linkages," Macroeconomics Working Papers 22832, East Asian Bureau of Economic Research.
- Juan J. Cortina & Maria Soledad Martinez Peria & Sergio L. Schmukler & Jasmine Xiao, 2024.
"The Internationalization of China’s Equity Markets,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 72(2), pages 554-610, June.
- Juan J. Cortina & Maria Soledad Martinez Peria & Sergio L. Schmukler & Jasmine Xiao, 2023. "The Internationalization of China's Equity Markets," Mo.Fi.R. Working Papers 182, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
- Cortina Lorente,Juan Jose & Martinez Peria,Maria Soledad & Schmukler,Sergio L. & Xiao,Jasmine, 2023. "The Internationalization of China’s Equity Markets," Policy Research Working Paper Series 10513, The World Bank.
- Juan J. Cortina & Maria Soledad Martinez Peria & Mr. Sergio L. Schmukler & Jasmine Xiao, 2023. "The Internationalization of China’s Equity Markets," IMF Working Papers 2023/026, International Monetary Fund.
More about this item
Keywords
Capital controls; financial crisis; emerging markets;All these keywords.
JEL classification:
- G1 - Financial Economics - - General Financial Markets
- F3 - International Economics - - International Finance
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebl:ecbull:eb-11-00745. See general information about how to correct material in RePEc.
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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: John P. Conley (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.