Who Benefits from Capital Account Liberalization? : Evidence from Firm-Level Credit Ratings Data /
We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt,...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2009.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2009/210 |
| Accesso online: | Full text available on IMF |