Gochoco-Bautista, Maria Socorro Francisco, Ruth H.
Year of Publication:
ADB Economics Working Paper Series 261
This study examines the differences in the effectiveness of de jure capital restrictions across economies in different regions (Asia versus non-Asia) and with varying income levels. It uses a panel of 45 economies over the period 1995– 2007. The results show that differences in regional and income levels matter for the effectiveness of capital restrictions.