Series: IMF Working Papers
Author(s): Eugenia Andreasen , Martin Schindler , and Patricio Valenzuela
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 09 June 2017
Keywords: Capital account restrictions; Credit spreads; Financial instability; Financial openness, General, General, General, General
Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically mean...