The extent of bureaucracy varies extensively across countries, but the quality of bureaucracy within a country changes more slowly than economic policies. The authors propose that the quality of bureaucracy may be an important structural determinant of open economy macroeconomic policies - especially the imposition or removal of capital control. In their model, capital controls are an instrument of financial repression. They entail efficiency loss...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2001/03/31
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Рабочий документ в рамках исследования вопросов политики
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WPS2575
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1
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1
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2010/07/01
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The quality of bureaucracy and capital account policies
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capital control
ФАЙЛЫ ДЛЯ СКАЧИВАНИЯ
ПОЛНЫЙ ОТЧЕТ
Официальная версия документа (может содержать подписи, и т.д.)