Ineffective Controls on Capital Inflows under Sophisticated Financial Markets: Brazil in the Nineties

Bernardo S. de M. Carvalho and Márcio G. P. Garcia, Financial Markets Volatility and Performance in Emerging Markets (University of Chicago Press, 2008), chap. 2, https://www.nber.org/books-and-chapters/financial-markets-volatility-and-performance-emerging-markets/ineffective-controls-capital-inflows-under-sophisticated-financial-markets-brazil-nineties.