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Economists use AI to expand data on cross-border flow limits

IMF paper draws lessons from 40,000 policy moves designed to control financial flows

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Economists have used artificial intelligence tools to compile a detailed record of the policies countries use to control cross-border financial flows.

A working paper published on May 15 by the International Monetary Fund documents how the researchers used AI tools to extract changes in cross-border controls at a daily frequency from IMF documents stretching back to 1950. 

The result is a dataset of 40,000 policy changes, covering eight types of control, the direction (inflow or outflow), type

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