Capital Flow Management Measures: What Are They Good For?
NBER Working Paper No. 20860
---- Acknowledgments ----
Thanks to Anusha Chari, Kathryn Dominguez, Jeffrey Frankel, Marcio Garcia, Rex Ghosh, Graciela Kaminsky, Michael Klein, Maurice Obstfeld, Jonathan Ostry, Vincent Reinhart, Hélène Rey, Andy Rose, Klaus Schmidt-Hebbel, Silvia Sgheri, and James Yetman for extremely helpful suggestions and conversations. Further thanks for comments from other participants in conferences and seminars hosted by the Bank of Canada, Bank of Korea, Bank of Latvia, Banco de Mexico, Central Bank of Turkey, European Central Bank, International Monetary Fund, NBER, and New Zealand Central Bank and Treasury. Thanks to Bogdan Bogdanovic and Daniel Happ for excellent research assistance. The views expressed in this paper are those of the authors and do not necessarily reflect those of the ECB, the Eurosystem, any institutions with which the authors are affiliated, or the National Bureau of Economic Research.