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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Bibliographic Details
Main Authors: Pablo Aguirre, José Antonio Alonso
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Iceland
Online Access:http://hdl.handle.net/10.1080/00213624.2020.1787052
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spelling 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)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description 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
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