International Capital Flows and Development: Financial Openness Matters
International Capital Flows and Development: Financial Openness Matters
International Capital Flows and Development: Financial Openness Matters
About this item
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Publisher
Washington, D.C: International Monetary Fund
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Language
English
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Publisher
Washington, D.C: International Monetary Fund
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Scope and Contents
Contents
Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at various stages of economic development. We find that, when accounting for the degree of capital account openness, the prediction of the neoclassical theory is confirmed: less developed countrie...
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Full title
International Capital Flows and Development: Financial Openness Matters
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Record Identifier
TN_cdi_gale_infotraccpiq_246179766
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_gale_infotraccpiq_246179766
Other Identifiers
ISBN
145520935X,9781455209354
ISSN
1018-5941
DOI
10.5089/9781455209354.001
