Titre
Temporary Capital Controls in a Balance-of Payments Crisis
Type
article
Institution
Externe
Périodique
Auteur(s)
Bacchetta, P.
Auteure/Auteur
Liens vers les personnes
ISSN
0261-5606
Statut éditorial
Publié
Date de publication
1990-09
Volume
9
Numéro
3
Première page
246
Dernière page/numéro d’article
257
Peer-reviewed
Oui
Langue
anglais
Résumé
This paper analyzed the effect of anticipated temporary capital controls ina balance-of-payments crisis, using a model based on intertemporal optimization. The anticipation of the controls affects the economy from the beginning of the crisis, usually creating a current account deficit. A speculative attack can occur just before the controls are imposed, but a transitory period of capital inflows is also possible. A speculative attack is less likely when the fiscal deficit is small or when the level of reserves is high at the time the controls are imposed.
PID Serval
serval:BIB_331C5AFB2A8A
Date de création
2009-03-30T12:17:21.323Z
Date de création dans IRIS
2025-05-20T16:51:06Z