01780cas a2200253 a 4500 AALejournalIMF011430 230101c9999 xx r poo 0 0eng d 5.00 USD 9781463926625 1018-5941 BD-DhAAL BD-DhAAL Baba, Chikako. Effectiveness of Capital Controls in Selected Emerging Markets in the 2000's / Chikako Baba, Annamaria Kokenyne. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (45 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 estimates the effectiveness of capital controls in response to inflow surges in Brazil, Colombia, Korea, and Thailand in the 2000s. Controls are generally associated with a decrease in inflows and a lengthening of maturities, but the relationship is not statistically significant in all cases, and the effects are temporary. Controls are more successful in providing room for monetary policy than dampening currency appreciation pressures. We argue that the macroeconomic impact of capital controls depends on the extensiveness of the policy, the level of capital market development, the support provided by other policies, and the persistence of capital flows. Mode of access: Internet Kokenyne, Annamaria. IMF Working Papers; Working Paper ; No. 2011/281 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/281/001.2011.issue-281-en.xml IMF e-Library