EXTENDED MEASURES OF RESTRICTIONS TO CAPITAL ACCOUNT TRANSACTIONS
Resumo
In this work we extend a De Jure measure of capital account restrictions, previously
assembled by Miniane (2004) for 34 economies, to a set of 181 countries for
the period 1996-2005. Additionally, having in mind the pitfalls of this indicator,
we propose two new measures. The first excludes prudential regulation and the second weights the indicator by a proxy of enforcement. This group of indicators
allows academics and policymakers to evaluate and analyze the restrictions to
capital account transactions for a large group of economies.
Palavras-chave:
International financial integration, capital controls
Números especiais
Prestes a ser publicado
EDE
