Effects of Capital Flow Liberalization : What is the Evidence from Recent Experiences of Emerging Market Economies? /

This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is...

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Xehetasun bibliografikoak
Egile nagusia: Saadi Sedik, Tahsin
Beste egile batzuk: Sun, Tao
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2012.
Saila:IMF Working Papers; Working Paper ; No. 2012/275
Sarrera elektronikoa:Full text available on IMF
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100 1 |a Saadi Sedik, Tahsin. 
245 1 0 |a Effects of Capital Flow Liberalization :   |b What is the Evidence from Recent Experiences of Emerging Market Economies? /  |c Tahsin Saadi Sedik, Tao Sun. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2012. 
300 |a 1 online resource (27 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 This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is associated with higher growth, gross capital flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying the coefficients of explanatory variables to the corresponding variables of China in 2012-16. 
538 |a Mode of access: Internet 
700 1 |a Sun, Tao. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2012/275 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2012/275/001.2012.issue-275-en.xml  |z IMF e-Library