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...

Полное описание

Библиографические подробности
Главный автор: Ricci, Luca
Другие авторы: Reinhardt, Dennis B. S., Tressel, Thierry
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2010.
Серии:IMF Working Papers; Working Paper ; No. 2010/235
Online-ссылка:Full text available on IMF