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

Version Date: Apr 28, 2004 View help for published

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

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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.

Rector, Chad, and Kastner, Scott L. Capital Control Policy Changes, 1951-1998  . [distributor], 2004-04-28.

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1951 -- 1998
  1. 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.


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.

Events reporting capital control policy changes

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



2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • 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.

2004-04-28 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.