International Capital Flows and Development : Financial Openness Matters /

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 neoclas...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Ricci, Luca
Weitere Verfasser: Reinhardt, Dennis B. S., Tressel, Thierry
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2010.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2010/235
Online Zugang:Full text available on IMF