"Balance of payments." . . "Balance of payments" . "Entwicklungsländer" . . "Arbeitspapier Working paper." . . "Developing countries" . . "Change Droit." . . "Commerce international Modèles économétriques." . . "National Bureau of Economic Research" . . "Foreign exchange Law and legislation." . . "Foreign exchange Law and legislation" . "Kapitalverkehrspolitik Zahlungsbilanzgleichgewicht Kapitalbilanz Außenhandelsliberalisierung Nichttarifäre Handelshemmnisse Theorie Entwicklungsländer." . . "Pays en voie de développement" . . "International Monetary Fund. Research Dept" . . "Theorie" . . "Nichttarifäre Handelshemmnisse" . . "Außenhandelsliberalisierung" . . . . . . "Livres électroniques" . . . . . . "Collateral damage : exchange controls and international trade"@en . . . . "Collateral damage : exchange controls and international trade" . . . "\"While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable\"--National Bureau of Economic Research web site." . . . . . . . . . . . . . . "Collateral Damage : Exchange Controls and International Trade" . . . . . . . . . . . . "Computer network resources"@en . . . . "Collateral damage: exchange controls and international trade" . "Collateral damage exchange controls and international trade = Exchange controls and international trade" . . . . . . "Collateral damage" . . . . . . . . . . . . . . . . . . "Electronic books"@en . "Electronic books" . . . . . . "Collateral damage exchange controls and international trade"@en . "Collateral damage exchange controls and international trade" . "While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable."@en . "While new conventional wisdom warns that developing countries should be aware of the risks of premature capital account liberalization, the costs of not removing exchange controls have received much less attention. This paper investigates the negative effects of exchange controls on trade. To minimize evasion of controls, countries often intensify inspections at the border and increase documentation requirements. Thus, the cost of conducting trade rises. The paper finds that a one standard-deviation increase in the controls on trade payment has the same negative effect on trade as an increase in tariff by about 14 percentage points. A one standard-deviation increase in the controls on FX transactions reduces trade by the same amount as a rise in tariff by 11 percentage points. Therefore, the collateral damage in terms of foregone trade is sizable." . . . "Collateral Damage Exchange Controls and International Trade" . "Collateral Damage Exchange Controls and International Trade"@en . "Exchange controls and international trade"@en . "Exchange controls and international trade" . . . "International trade." . . "International trade" . "Online-Publikation Online-publication." . . "Zahlungsbilanzgleichgewicht" . . "Als Aufsatz endgültig erschienen Also available as published article." . . "Kapitalverkehrspolitik" . . "Kapitalbilanz" . . . . "Zonder onderwerpscode: economie." . . "Non-tariff trade barriers." . . "Non-tariff trade barriers" .