Series: IMF Working Papers
Author(s): Paolo Giordani , Michele Ruta , Hans Weisfeld , and Ling Zhu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 August 2014
Keywords: cross-border spillovers, policy response, capital flow, capital inflow, General, International Relations and International Political Economy: General,
This paper focuses on the coordination problem among borrowing countries imposing controls on capital infl ows. In a simple model of capital flows and controls, we show that inflow restrictions distort internation...