Abstract
Capital controls can take many different forms and are broadly defined as any restrictions on the movement of capital across a country’s borders. This article focuses on the debate on the merits of capital controls for emerging markets and developing economies. It describes the potential costs and benefits of capital controls, focusing on the recent empirical literature evaluating the impact of capital controls.
This chapter was originally published in The New Palgrave Dictionary of Economics, 2nd edition, 2008. Edited by Steven N. Durlauf and Lawrence E. Blume.
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Forbes, K.J. (2008). Capital Controls. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95121-5_2320-1
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DOI: https://doi.org/10.1057/978-1-349-95121-5_2320-1
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Publisher Name: Palgrave Macmillan, London
Online ISBN: 978-1-349-95121-5
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