Capital flows in a globalized world: the role of policies and institutions
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Bibliographische Detailangaben
Beteiligte Personen: Alfaro, Laura (VerfasserIn), Kalemli-Ozcan, Sebnem 1974- (VerfasserIn), Volosovych, Vadym 1976- (VerfasserIn)
Format: Buch
Sprache:Englisch
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2005
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 11696
Schlagwörter:
Links:http://papers.nber.org/papers/w11696.pdf
Abstract:"We describe the patterns of international capital flows in the period 1970 - 2000. We then examine the determinants of capital flows and capital flows volatility during this period. We find that institutional quality is an important determinant of capital flows. Historical determinants of current legal institutions have a direct effect on foreign investments. Policy plays a significant role in explaining the changes in the level of capital flows over time and their volatility"--National Bureau of Economic Research web site.
Umfang:44, [16] S. graph. Darst.