Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/40276 
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dc.contributor.authorFrenkel, Michaelen
dc.contributor.authorStadtmann, Georgen
dc.date.accessioned2010-07-27-
dc.date.accessioned2010-09-24T14:29:50Z-
dc.date.available2010-09-24T14:29:50Z-
dc.date.issued2002-
dc.identifier.urihttp://hdl.handle.net/10419/40276-
dc.description.abstractCapital controls lower the variability of the exchange rate and reduce the risk premium as well as the domestic interest rate. On the other hand, capital controls reduce the number of noise traders and, therefore, the risk-bearing capacity of the market, leading to higher interest rates and a lower growth potential of the economy. The identification of these two effects which work in opposite directions are the result of a study on the effect of capital controls on the exchange rate, the domestic interest rate, and the microstructure of the foreign exchange market in a small open economy.en
dc.language.isoengen
dc.publisher|aDeutsche Bank Research |cFrankfurt a. M.en
dc.relation.ispartofseries|aResearch Notes |x5en
dc.subject.jelF32en
dc.subject.jelF41en
dc.subject.ddc330en
dc.subject.keywordCapital Controlsen
dc.subject.keywordCapital Flowsen
dc.subject.keywordRisk Premiumen
dc.subject.stwKapitalverkehrspolitiken
dc.subject.stwTobinsteueren
dc.subject.stwWechselkursen
dc.subject.stwVolatilitäten
dc.subject.stwRisikoprämieen
dc.subject.stwMonetäre Wechselkurstheorieen
dc.subject.stwNoise Tradingen
dc.subject.stwTheorieen
dc.titleCapital controls, exchange rate volatility and risk premium-
dc.typeWorking Paperen
dc.identifier.ppn821836110en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:dbrrns:5en

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