NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Capital Controls: Gates versus Walls

Michael W. Klein

NBER Working Paper No. 18526
Issued in November 2012

---- Acknowledgements -----

Support from the Brookings Institution is gratefully acknowledged. I thank Charles Collyns, Kristin Forbes, Jeff Frieden, Maury Obstfeld, Jonathan Ostry, David Romer, Iván Werning and Justin Wolfers for comments on an earlier draft, and to Dennis Quinn for making his most recent data set available. A special thanks to Patrick O'Halloran who provided excellent research assistance. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research.

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