01911cas a2200265 a 4500 AALejournalIMF006083 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451873559 1018-5941 BD-DhAAL BD-DhAAL Binici, Mahir. Controlling Capital? : Legal Restrictions and the Asset Composition of International Financial Flows / Mahir Binici, Michael Hutchison, Martin Schindler. Washington, D.C. : International Monetary Fund, 2009. 1 online resource (32 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 How effective are capital account restrictions? We provide new answers based on a novel panel data set of capital controls, disaggregated by asset class and by inflows/outflows, covering 74 countries during 1995-2005. We find the estimated effects of capital controls to vary markedly across the types of capital controls, both by asset categories, by the direction of flows, and across countries' income levels. In particular, both debt and equity controls can substantially reduce outflows, with little effect on capital inflows, but only high-income countries appear able to effectively impose debt (outflow) controls. The results imply that capital controls can affect both the volume and the composition of capital flows. Mode of access: Internet Hutchison, Michael. Schindler, Martin. IMF Working Papers; Working Paper ; No. 2009/208 Full text available on IMF http://elibrary.imf.org/view/journals/001/2009/208/001.2009.issue-208-en.xml IMF e-Library