Do interest rate controls work? Evidence from Kenya
نویسندگان
چکیده
منابع مشابه
Controls on Capital Inflows: Do they Work?∗
This paper analyzes the effectiveness of controls on capital inflows. In particular, we analyze in great detail the Chilean experience with the use of the unremunerated reserve requirement. We examine the effects of the controls applied in Chile in 1991–98 on interest rates, real exchange rate, and the volume and composition of capital inflows. The effects are elusive and it is difficult to pin...
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The author thanks especially Eric Bennet Rasmusen, Richard Anton Braun, Fumio Hayashi, Shin-ichi Fukuda, seminar participants at Tsukuba University, Keio University, the University of Tokyo, and the Far Eastern Meeting of the Econometric Society 2001 for their helpful comments. Toyoichiro Shirota provided excellent research assistance. The views expressed in this paper are solely the author’s o...
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ژورنال
عنوان ژورنال: Review of Development Economics
سال: 2020
ISSN: 1363-6669,1467-9361
DOI: 10.1111/rode.12675