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Who benefits from capital account liberalization? : evidence from firm-level credit ratings data /

We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt,...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Prati, Alessandro, 1961- (Author), Schindler, Martin, 1971- (Author), Valenzuela, Patricio (Author)
Corporate Author: International Monetary Fund. Research Department
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, ©2009.
Series:IMF working paper ; WP/09/210.
Subjects:
Online Access:Texto completo