A Simple Measure of the Intensity of Capital Controls /

We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial opening of a market as given by our measure corresponds well with the liberalization dates...

詳細記述

書誌詳細
第一著者: Warnock, Francis
その他の著者: Edison, Hali
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2001.
シリーズ:IMF Working Papers; Working Paper ; No. 2001/180
オンライン・アクセス:Full text available on IMF
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100 1 |a Warnock, Francis. 
245 1 2 |a A Simple Measure of the Intensity of Capital Controls /  |c Francis Warnock, Hali Edison. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2001. 
300 |a 1 online resource (33 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial opening of a market as given by our measure corresponds well with the liberalization dates of Bekaert and Harvey (2000a). In addition, our measure provides information on the extent of the initial opening as well as the evolution of the liberalization over time. After presenting the measure, we compare it to other existing measures of capital controls and briefly describe empirical applications concerning home bias, capital flows to emerging markets, and the effects of financial liberalization on the cost of capital. 
538 |a Mode of access: Internet 
700 1 |a Edison, Hali. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2001/180 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2001/180/001.2001.issue-180-en.xml  |z IMF e-Library