01795cas a2200253 a 4500 AALejournalIMF000858 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451847239 1018-5941 BD-DhAAL BD-DhAAL Nadal De Simone, Francisco. A Review of Capital Account Restrictions in Chile in the 1990s / Francisco Nadal De Simone, Piritta Sorsa. Washington, D.C. : International Monetary Fund, 1999. 1 online resource (55 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines the Chilean experience with capital controls and reviews studies on controls on capital inflows. Controls on Chile's inflows had only a temporary impact in reducing specific inflows because they were affected by avoidance. There is some evidence that controls increased interest rates and altered the composition of capital inflows. The studies, however, contain important methodological problems in measuring flows and significant econometric weaknesses, which cast doubt on the robustness of the estimates. No study has assessed the political economy of the controls. It seems premature to view the Chilean experience as supportive of controls on capital inflows. Mode of access: Internet Sorsa, Piritta. IMF Working Papers; Working Paper ; No. 1999/052 Full text available on IMF http://elibrary.imf.org/view/journals/001/1999/052/001.1999.issue-052-en.xml IMF e-Library