Seminarios
24
Mayo
Seminario: "Capital Controls and the Cost of Debt"
Autor(es): Patricio Valenzuela (Ing.UCH), Eugenia Andreasen (USACH) y Martin Schindler (IFM).
Presenta: Patricio Valenzuela
Lugar y hora: Miércoles 24 de mayo de 2017, 13:00 hrs. Sala P 301, Edificio Placa (Diagonal Paraguay 257)
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.
Datos del Seminario
Fecha de inicio:
24 de Mayo, 2017 | 13:00 hrs.
24 de Mayo, 2017 | 13:00 hrs.
Fecha de término
24 de Mayo, 2017 | 14:00 hrs.
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