Capital Control Measures: A New Dataset

This paper presents a new dataset of capital control restrictions on both inflows and outflowsof 10 categories of assets for 100 countries over the period 1995 to 2013. Building on the datain Schindler (2009) and other datasets based on the analysis of the IMF's Annual Report onExchange Arrangements and Exchange Restrictions (AREAER), this dataset includesadditional asset categories, more countries, and a longer time period. The paper discusses indetail the construction of the dataset and characterizes the data with respect to the prevalenceand correlation of controls across asset categories and between controls on inflows andcontrols on outflows, the aggregation of the separate categories into broader indicators, andthe comparison of this dataset with other indicators of capital controls.