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...

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Hauptverfasser: Saadi-Sedik, Tahsin (VerfasserIn), Sun, Tao, 1970- (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2012.
Schriftenreihe:IMF working paper ; WP/12/275.
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Zusammenfassung:"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
Beschreibung: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
Beschreibung:1 online resource (27 pages) : color illustrations, color maps
Bibliographie:Includes bibliographical references (pages 17-18).
ISBN:9781475547276
1475547277
1475564570
9781475564570
1475548907
9781475548907
1283947900
9781283947909
ISSN:2227-8885 ;

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