MEDIDAS EXTENDIDAS DE RESTRICCIONES A LOS FLUJOS DE CAPITALES

in this work we extend a de jure measure of capital account restrictions, previously assembled by miniane (2004) for 34 economies, to a set of 181 countries for the period 1996-2005. additionally, having in mind the pitfalls of this indicator, we propose two new measures. the first excludes prudential regulation and the second weights the indicator by a proxy of enforcement. this group of indicators allows academics and policymakers to evaluate and analyze the restrictions to capital account transactions for a large group of economies.