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Capital Control Policy Changes, 1951-1998 (ICPSR 3932)

Principal Investigator(s): Rector, Chad, George Washington University; Kastner, Scott L., University of Maryland


This collection measures capital control policy changes using the International Monetary Fund's (IMF) yearly summary of each member state's financial regulations. In the country reports each year, the IMF describes and dates all significant changes in each state's regulations on trade, payments, and capital movement policies. The IMF's written descriptions for each reported change in each country were converted into a set of numeric variables. The survey covered 19 parliamentary democracies that have been continuously democratic since 1951, the first year for which the IMF reported regulatory changes. Since this collection focuses on investment capital, it does not include regulatory changes relating to tourist allocations or payments for services. The date of each regulatory change is included as well as dummy variables which measure whether the change, based on IMF descriptions, was restricting or liberalizing.

Access Notes

  • Data in this collection are available only to users at ICPSR member institutions. Please log in so we can determine if you are with a member institution and have access to these data files.


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Study Description


Rector, Chad, and Scott L. Kastner. CAPITAL CONTROL POLICY CHANGES, 1951-1998. ICPSR release. San Diego, CA: University of California at San Diego [producer], 1999. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2004. https://doi.org/10.3886/ICPSR03932.v1

Persistent URL: https://doi.org/10.3886/ICPSR03932.v1

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Scope of Study

Subject Terms:    democracy, economic policy, international economics, international organizations, international trade, market economy, parliamentary governments, trade policy

Smallest Geographic Unit:    nation

Geographic Coverage:    Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Iceland, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Sweden, Switzerland, United Kingdom, Global

Time Period:   

  • 1951--1998

Date of Collection:   

  • 1999

Unit of Observation:    Events reporting capital control policy changes

Universe:    Nineteen countries from the Organization for Economic Cooperation and Development including Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Iceland, Ireland, Israel, Italy, Japan, The Netherlands, New Zealand, Norway, Sweden, Switzerland, and the United Kingdom.

Data Type(s):    event/transaction data

Data Collection Notes:

The codebook is provided by ICPSR as a Portable Document Format (PDF) file. The PDF file format was developed by Adobe Systems Incorporated and can be accessed using PDF reader software, such as the Adobe Acrobat Reader. Information on how to obtain a copy of the Acrobat Reader is provided on the ICPSR Web site.


Data Source:

International Monetary Fund's Annual Report on Exchange Arrangements and Exchange Restrictions

Extent of Processing:   ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Checked for undocumented or out-of-range codes.


Original ICPSR Release:   2004-04-28

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