What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland
Empirical studies confirm that the impact of capital account regulation (CAR) is highly case-specific, which underlines the need to identify the determinants of CAR effectiveness in greater depth. Coming from a political economy perspective, this article aims to contribute to this subject by compari...
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ftrepec:oai:RePEc:mes:jeciss:v:54:y:2020:i:3:p:772-797 2024-04-14T08:13:31+00:00 What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland Pablo Aguirre José Antonio Alonso http://hdl.handle.net/10.1080/00213624.2020.1787052 unknown http://hdl.handle.net/10.1080/00213624.2020.1787052 article ftrepec 2024-03-19T10:36:46Z Empirical studies confirm that the impact of capital account regulation (CAR) is highly case-specific, which underlines the need to identify the determinants of CAR effectiveness in greater depth. Coming from a political economy perspective, this article aims to contribute to this subject by comparing three experiences of intense regulation: Brazil (2008-2013), Peru (2008-2013), and Iceland (2008-2017). The main result encountered is that the bargaining power of the different sectors involved in regulation represents a crucial factor in explaining the impact of this policy. Furthermore, domestic banks play an important role in the effectiveness of capital account regulation. Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics) |
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Open Polar |
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RePEc (Research Papers in Economics) |
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Empirical studies confirm that the impact of capital account regulation (CAR) is highly case-specific, which underlines the need to identify the determinants of CAR effectiveness in greater depth. Coming from a political economy perspective, this article aims to contribute to this subject by comparing three experiences of intense regulation: Brazil (2008-2013), Peru (2008-2013), and Iceland (2008-2017). The main result encountered is that the bargaining power of the different sectors involved in regulation represents a crucial factor in explaining the impact of this policy. Furthermore, domestic banks play an important role in the effectiveness of capital account regulation. |
format |
Article in Journal/Newspaper |
author |
Pablo Aguirre José Antonio Alonso |
spellingShingle |
Pablo Aguirre José Antonio Alonso What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
author_facet |
Pablo Aguirre José Antonio Alonso |
author_sort |
Pablo Aguirre |
title |
What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
title_short |
What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
title_full |
What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
title_fullStr |
What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
title_full_unstemmed |
What Makes Capital Account Regulation Effective? Comparing the Experiences of Brazil, Peru, and Iceland |
title_sort |
what makes capital account regulation effective? comparing the experiences of brazil, peru, and iceland |
url |
http://hdl.handle.net/10.1080/00213624.2020.1787052 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://hdl.handle.net/10.1080/00213624.2020.1787052 |
_version_ |
1796311508330741760 |