Capital account controls, Bank's efficiency, growth and macroeconomic volatility in the FLAR's member countries

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Borradores de Economía; No. 364
Date published
2006-01-20
Date of last update
2006-01-20
Author
Mora-Álvarez, Humberto
Rincón-Castro, Hernán
Document language
spa
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Las opiniones contenidas en el presente documento son responsabilidad exclusiva de los autores y no comprometen al Banco de la República ni a su Junta Directiva.
Abstract
This paper evaluates the effects of capital account controls adopted in the past years by the FLAR’s member countries (Bolivia, Colombia, Costa Rica, Ecuador, Perú and Venezuela) on the efficiency of the banking sector, the economic growth and the volatil
JEL Codes
G14 - Information and Market Efficiency; Event Studies; Insider TradingC52 - Model Evaluation, Validation, and SelectionC51 - Model Construction and EstimationG21 - Banks; Depository Institutions; Micro Finance Institutions; MortgagesG18 - General Financial Markets: Government Policy and RegulationF32 - Current Account Adjustment; Short-Term Capital MovementsF33 - International Monetary Arrangements and InstitutionsF36 - Financial Aspects of Economic IntegrationF41 - Open Economy Macroeconomics
Keywords
Capital account controls ; Efficiency of the banking sector ; Economic growth ; Macroeconomic volatility ; SUR ; Cointegration ; Arellano and bond estimator ; Instrumental variables ;
URI
https://repositorio.banrep.gov.co/handle/20.500.12134/5382
https://hdl.handle.net/20.500.12134/5382
https://doi.org/10.32468/be.364
https://ideas.repec.org/p/bdr/borrec/364.html
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This work is licensed under a Creative Commons Reconocimiento-NoComercial 4.0.This document has been deposited by the author (s) under the following certificate of deposit