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 associated with higher growth, gross capital... READ MORE...

Publication date: November 2012
ISBN 9781589068032

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Publication date: November 2012