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...

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Бібліографічні деталі
Автор: Ricci, Luca
Інші автори: Reinhardt, Dennis B. S., Tressel, Thierry
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2010.
Серія:IMF Working Papers; Working Paper ; No. 2010/235
Онлайн доступ:Full text available on IMF