Capital Controls and the Cost of Debt

Released on by Eugenia Andreasen
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  • Capital Controls and the Cost of Debt Book Detail

  • Author : Eugenia Andreasen
  • Release Date : 2017-06-15
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 26
  • ISBN 13 : 1484303997
  • File Size : 30,30 MB
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Capital Controls and the Cost of Debt by Eugenia Andreasen PDF Summary

Book Description: 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 meaningful increase in corporate bond spreads. A number of heterogeneities suggest that the effect of capital controls on inflows is particularly strong for more financially constrained firms, establishing a novel channel through which capital controls affect economic outcomes. By contrast, we do not find a robust significant effect of restrictions on outflows.

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Capital Controls and the Cost of Debt

Capital Controls and the Cost of Debt

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Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capit

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