NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The Microeconomic Evidence on Capital Controls: No Free Lunch

Kristin J. Forbes

Chapter in NBER book Capital Controls and Capital Flows in Emerging Economies: Policies, Practices and Consequences (2007), Sebastian Edwards, editor (p. 171 - 202)
Conference held December 16-18, 2004
Published in May 2007 by University of Chicago Press
© 2007 by the National Bureau of Economic Research

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This chapter first appeared as NBER working paper w11372, The Microeconomic Evidence on Capital Controls: No Free Lunch, Kristin J. Forbes
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