Bubble thy neighbour: Portfolio effects and externalities from capital controls
We use changes in Brazil's tax on capital inflows from 2006 to 2013 to test for direct portfolio effects and externalities from capital controls on investor portfolios. We find that an increase in Brazil's tax on foreign investment in bonds causes fund managers to significantly decrease th...
| Principais autores: | , , , |
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| Outros Autores: | |
| Formato: | Artigo |
| Publicado em: |
Elsevier BV
2019
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| Acesso em linha: | http://hdl.handle.net/1721.1/120805 https://orcid.org/0000-0002-9340-6063 |