Department / Course College of International Relations Department of International Relations
Title / Position Professor
Language Japanese
Publication Date 2020/10
Type Research paper (bulletin of university, research institution)
Title Iceland's Success in Capital Flow Management and Controls under the IMF program
Contribution Type Single Work
Journal Ritsumeikan Journal of International Studies Vol.33 No.2
Journal Type Japan
Publisher International Studies Association, Ritsumeikan University
Volume, Issue, Page 33(2),1-27
Total page number
Details This paper analyses the effectiveness of capital and financial controls, especially outflow controls, during the capital account crisis, by presenting the situation in Iceland before and after the Global Financial Crisis as well as the IMF program by analyses based on econometric evidence. It also captures the background and consequences of the country's policy of implementing its own capital control measures in response to the crisis, which have resulted in Iceland’s early economic and market recovery