This paper finds a strong empirical link between domestic banking sector competitiveness and de facto international integration. De-facto international integration is mea[...]

In this article, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-2009 global crisis. Both the ti[...]

In this paper, we explore the link between stress in the domestic financial sector and the capital flight faced by countries in the 2008-9 global crisis. Both the timing [...]

Using a novel, high frequency dataset on capital control actions in 16 emerging market economies (EMEs) from 2001 to 2012, we provide new evidence on the domestic and mul[...]

Using a novel data set on capital control actions in 17 emerging-market economies (EMEs) over the period 2001–11, we provide new evidence on domestic and multilateral (or[...]

This paper examines the effectiveness of international capital controls in India over time by analyzing daily return differentials in the nondeliverable forward (NDF) mar[...]

This paper examines the effectiveness of international capital controls in India over time by analyzing daily return differentials in the non-deliverable forward (NDF) ma[...]

This paper evaluates developments in India’s nominal and real exchange rates over the past two decades, describing longer term trends as well as short-term movements and [...]

This article analyzes the implications of the global financial cycle for conventional and unconventional monetary policies and macroprudential policy in small, open econo[...]

We assess the motivations for changing capital controls and their effectiveness in India, a country with the legal and administrative machinery to implement controls. We [...]