Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/40276
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dc.contributor.authorFrenkel, Michaelen_US
dc.contributor.authorStadtmann, Georgen_US
dc.date.accessioned2010-07-27en_US
dc.date.accessioned2010-09-24T14:29:50Z-
dc.date.available2010-09-24T14:29:50Z-
dc.date.issued2002en_US
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_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bank Research |cFrankfurt a. M.en_US
dc.relation.ispartofseries|aResearch notes working paper series |x5en_US
dc.subject.jelF32en_US
dc.subject.jelF41en_US
dc.subject.ddc330en_US
dc.subject.keywordCapital Controlsen_US
dc.subject.keywordCapital Flowsen_US
dc.subject.keywordRisk Premiumen_US
dc.subject.stwKapitalverkehrspolitiken_US
dc.subject.stwTobinsteueren_US
dc.subject.stwWechselkursen_US
dc.subject.stwVolatilitäten_US
dc.subject.stwRisikoprämieen_US
dc.subject.stwMonetäre Wechselkurstheorieen_US
dc.subject.stwNoise Tradingen_US
dc.subject.stwTheorieen_US
dc.titleCapital controls, exchange rate volatility and risk premiumen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn821836110en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:dbrrns:5-

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