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Effects of capital flow liberalization : what is the evidence from recent experiences of emerging market economies? /
"This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flo...
| Clasificación: | Libro Electrónico |
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| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
Ã2012.
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| Colección: | IMF working paper ;
WP/12/275. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | "This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is associated with higher growth, gross capital flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of explanatory variables to the corresponding variables of China in 2012-16"--Page 2 of pdf |
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| Notas: | Title from PDF title page (IMF Web site, viewed November 26, 2012). "Monetary and Capital Markets Department"--Page 2 of pdf "November 2012"--Page 2 of pdf |
| Descripción Física: | 1 online resource (27 pages) : color illustrations, color maps |
| Bibliografía: | Includes bibliographical references (pages 17-18). |
| ISBN: | 9781475547276 1475547277 1475564570 9781475564570 1475548907 9781475548907 1283947900 9781283947909 |
| ISSN: | 2227-8885 ; |