Capital Controls in Argentina, Chile and Uruguay

  • Kate Phylaktis


The purpose of this chapter is to compare the effect of restrictions on international capital flows in Argentina, Chile and Uruguay. These three countries are interesting cases because they have varied the intensity of their capital controls during the 1970s and 1980s as part of their effort to apply a liberalisation scheme covering all sectors and to achieve a more efficient allocation of resources. These countries have on the whole imposed capital controls not just to protect official foreign reserves but also to offset the scope for profitable arbitrage created by financial repression.


Exchange Rate Interest Rate Risk Premium Foreign Currency Foreign Asset 
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© Kate Phylaktis and Mahmood Pradhan 1990

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  • Kate Phylaktis

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