Capital Control Measures: A New Dataset
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Summary:
This paper presents a new dataset of capital control restrictions on both inflows and outflows of 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the data in Schindler (2009) and other datasets based on the analysis of the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER), this dataset includes additional asset categories, more countries, and a longer time period. The paper discusses in detail the construction of the dataset and characterizes the data with respect to the prevalence and correlation of controls across asset categories and between controls on inflows and controls on outflows, the aggregation of the separate categories into broader indicators, and the comparison of this dataset with other indicators of capital controls.
Series:
Working Paper No. 2015/080
Subject:
Balance of payments Capital controls Capital flows Financial derivatives Financial institutions Foreign direct investment National accounts Personal income Securities
English
Publication Date:
April 22, 2015
ISBN/ISSN:
9781484332177/1018-5941
Stock No:
WPIEA2015080
Pages:
32
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