Paper explores effects of capital controls on cost of international debt
Restrictions on capital inflows produce “substantial” corporate bond spreads
Financial firms that belong to the European Union and have English legal origins are less likely to be vulnerable to the effects of capital controls, according to a working paper published by the International Monetary Fund.
In what the authors claim is the first study to explore the effects of capital controls on the cost of international debt capital, Capital Controls and the Cost of Debt examines how capital controls affect the credit spreads of bonds issued in international markets by
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