Capital Controls

Capital Controls: Myth and Reality - A Portfolio Balance Approach, (with Nicolas Magud and Kenneth S. Rogoff), NBER Working Papers 16805, February 2011. (Under revision)

Capital Controls: An Evaluation (with Nicolas Magud) in Sebastian Edwards (ed.), Capital Controls and Capital Flows in Emerging Economies: Policies, Practices, and Consequences (Chicago: Chicago University Press for the NBER, 2007).

Temporary Controls on Capital Inflows (with Todd Smith) Journal of International Economics, Vol. 57 No. 2, December 2002, 327-351. Downloadable NBERWP 8422.

Stopping Hot Money: On the Use of Capital Controls During Financial Crises (with Hali Edison), Journal of Development Economics, Vol. 66 No. 2 December 2001, 533-553. Downloadable here.

Capital Controls During Financial Crises: The Case of Malaysia and Thailand (with Hali Edison), in Reuven Glick ed. Financial Crises in Emerging Markets (Cambridge: Cambridge University Press, 2001), 427-456.

Do Capital Controls and Macroeconomic Policies Influence the Volume and Composition of Capital Flows? Evidence from the 1990s
(with Peter Montiel), Journal of International Money and Finance, Vol. 18 No. 4, August 1999, 619-635.

Too Much of a Good Thing: The Macroeconomic Effects of Taxing Capital Inflows
(with Todd Smith), in Reuven Glick, ed. Managing Capital Flows and Exchange Rates: Perspectives from the Pacific Basin, (Cambridge: Cambridge University Press, 1998), 436-464.