International Capital Flows and Development: Financial Openness Matters
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Bibliographische Detailangaben
Beteilige Person: Ricci, Luca Antonio (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2010
Schriftenreihe:IMF Working Papers Working Paper No. 10/235
Links:http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
http://elibrary.imf.org/view/IMF001/11346-9781455209354/11346-9781455209354/11346-9781455209354.xml
Abstract: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 countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries' characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector
Umfang:1 Online-Ressource (44 p)
ISBN:145520935X
9781455209354