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Too much of a good thing: The macroeconomic effects of taxing capital inflows

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  • Reinhart, Carmen
  • Smith, R. Todd

Abstract

In addition to altering fiscal, monetary, and exchange rate policies in response to the surge in international capital inflows in the early 1990s,policy makers in many countries in ASIa, Eastern Europe, and Latin America have resorted to measures to control capital inflows.We provide a preliminary assessment of the effects of some of the macroeconomic effects of these policies.

Suggested Citation

  • Reinhart, Carmen & Smith, R. Todd, 1998. "Too much of a good thing: The macroeconomic effects of taxing capital inflows," MPRA Paper 13234, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13234
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    More about this item

    Keywords

    capital controls capital inflows reserve requirements taxes;

    JEL classification:

    • F20 - International Economics - - International Factor Movements and International Business - - - General
    • F30 - International Economics - - International Finance - - - General

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