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Capital Account Liberalization and Economic Performance: Survey and Synthesis
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Author/Editor: |
Edison, Hali J. | Klein, Michael | Ricci, Luca Antonio | Sløk, Torsten |
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July 1, 2002 |
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Electronic Access: |
Free Full Text (PDF file size is 1,417KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Summary: This paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance. First, it discusses the different measures of restrictions used in the literature. Second, it reviews the literature on the relationship between growth and capital account liberalization. Finally, it identifies and explains some of the differences in the results of the various studies and provides some support for a positive effect of capital account liberalization on growth, especially for developing countries.
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Series: |
Working Paper No. 02/120 |
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Subject(s): |
Capital account liberalization | Capital controls | Capital flows | Economic growth | Financial sector |
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Author's keyword(s): |
Capital account liberalization | capital flows | capital controls | growth | and financial development |
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Published: |
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July 1, 2002 |
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ISBN/ISSN: |
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1934-7073 |
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Format: |
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Paper |
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Stock No: |
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WPIEA1202002 |
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Pages: |
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39 |
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Price: |
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US$15.00
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Price Delivery Note: |
Prepayment required for individual copies. An annual subscription is $375.00 a year. It includes 12 monthly shipments and priority mail delivery. The Stock No. for the subscription is WPEA. |
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Please address any questions about this title to publications@imf.org.
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