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• W2953499881 abstract "Using a panel data set for international corporate bonds and capital account restrictions in advanced and emerging economies, we show that restrictions on capital inflows produce a substantial and economically meaningful increase in corporate bond spreads. A number of heterogeneities suggest that the effect of capital controls on inflows is particularly strong for more financially constrained firms, establishing a novel channel through which capital controls affect economic outcomes. By contrast, we do not find a robust significant effect of restrictions on outflows." @default.
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• W2953499881 date "2017-01-01" @default.
• W2953499881 modified "2023-10-18" @default.
• W2953499881 title "Capital Controls and the Cost of Debt" @default.
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• W2953499881 doi "https://doi.org/10.5089/9781484303313.001" @default.
• W2953499881 hasPublicationYear "2017" @default.
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