Evaluando la efectividad de los controles de capital: La experiencia reciente

  • Moritz Cruz Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas
  • Jorge Casarreal Universidad Nacional Autónoma de México, Instituto de Investigaciones Económicas
Palabras clave: Flujos de capital, controles de capital, evaluación de políticas


Recently, as a result of the new wave of capital inflows, some countries, like Brazil, Korea and Thailand, implemented capital controls. In this paper, we attempt to evaluate their effectiveness using a difference-in-difference specification. Our results are mixed. For Korea and Thailand, for example, capital controls resulted to be effective. The contrary occurs in the case of Brazil. The results also indicate that capital controls affect other economic variables. Their effectiveness, in sum, could be due to the sort and duration of the controls implemented.


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Cómo citar
Cruz, M., & Casarreal, J. (2016). Evaluando la efectividad de los controles de capital: La experiencia reciente. EconoQuantum, 13(2), 99-119. https://doi.org/10.18381/eq.v13i2.6023