Hartwell, Christopher A. (2011): All That’s Old is New Again: Capital Controls and the Macroeconomic Determinants of Entrepreneurship in Emerging Markets.
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While a growing amount of economic evidence has emerged that capital controls as a tool may both be ineffective for many of their stated purposes, there has been little examination of their long-term effects that can harm rather than help entrepreneurship in emerging markets. The purpose of this paper is to fill this gap and examine capital controls in both a historical and recent context, ascertaining their possible effect on firms and entrepreneurship in emerging markets in coming years. What will the impact be on emerging markets and firms in developing countries if capital controls continue to gain credibility? How has the rebirth of controls in the wake of the global financial crisis affected entrepreneurship in emerging markets?
|Item Type:||MPRA Paper|
|Original Title:||All That’s Old is New Again: Capital Controls and the Macroeconomic Determinants of Entrepreneurship in Emerging Markets|
|Keywords:||capital controls; emerging markets|
|Subjects:||E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook > E62 - Fiscal Policy
F - International Economics > F3 - International Finance > F32 - Current Account Adjustment ; Short-Term Capital Movements
|Depositing User:||Christopher Hartwell|
|Date Deposited:||25 Jul 2012 09:24|
|Last Modified:||19 Feb 2017 22:53|
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