International capital flows and development : financial openness matters /

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Bibliographic Details
Author / Creator:Reinhardt, Dennis B. S., author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2010.
Description:1 online resource (45 pages) : color illustrations.
Language:English
Series:IMF working paper ; WP/10/235
IMF working paper ; WP/10/235.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499438
Hidden Bibliographic Details
Other authors / contributors:Ricci, Luca Antonio, author.
Tressel, Thierry, author.
International Monetary Fund. Research Department, issuing body.
ISBN:1283551837
9781283551830
9781455256723
1455256722
Notes:Title from PDF title page (IMF Web site, viewed September 27, 2011).
At head of title: Research Department.
"October 2010."
Includes bibliographical references.
Summary: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 neoclassical theory is confirmed: less developed countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries' characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector.
Other form:Print version: Ricci, Luca Antonio. International Capital Flows and Development: Financial Openness Matters. Washington : International Monetary Fund, ©2010 9781455209354

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100 1 |a Reinhardt, Dennis B. S.,  |e author.  |0 http://id.loc.gov/authorities/names/no2010038451 
245 1 0 |a International capital flows and development :  |b financial openness matters /  |c prepared by Dennis Reinhardt, Luca Antonio Ricci and Thierry Tressel. 
260 |a [Washington, D.C.] :  |b International Monetary Fund,  |c ©2010. 
300 |a 1 online resource (45 pages) :  |b color illustrations. 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF working paper ;  |v WP/10/235 
500 |a Title from PDF title page (IMF Web site, viewed September 27, 2011). 
500 |a At head of title: Research Department. 
500 |a "October 2010." 
520 |a 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 neoclassical theory is confirmed: less developed countries tend to experience net capital inflows and more developed countries tend to experience net capital outflows, conditional of various countries' characteristics. The findings are driven by foreign direct investment, portfolio equity investment, and to some extent by loans to the private sector. 
504 |a Includes bibliographical references. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; 1. Evolution of Capital Account Openness by Income Group; II. Literature; III. Data and empirical approach; Data and Descriptive Statistics; A First Look at Data; 2. Current Account to GDP and Capital Account Openness; 3a. Net Capital Inflows by Type of Flows and by Income Groups, 1980-2006; 3b. Gross Capital Inflows by Type of Flows and by Income Groups, 1980-2006; Empirical Approach; IV. Results; Current Account and Financial Openness in the Cross-Section of Countries. 
505 8 |a 1. Current Account and Capital Account Openness (1980-2006)2. Current Account and Capital Account Openness in Repeated Cross-Sections; 4. Conditional Correlation Plot from Regression of Current Account on Initial Income and Controls: 2 Periods; Current Accounts and Financial Openness in a Panel of Countries; 3. Current Account and Openness in a Panel of Countries; 5. Effect of Openness on the Marginal Effect of Income; Robustness; 4. Robustness: Adding Control Variables; 5. Additional Robustness Tests; Which Type of Capital Flows from Rich to Poor Countries? 
505 8 |a 6. Capital Account Openness and Types of Capital Flows7. Capital Account Openness and Types of Capital Flows: Panel Estimates; V. Conclusion; VI. Appendix; A. Data; Notation; B. Sample; Biggest Sample for Unconditional Regressions -- 109 Countries; C. Spline Search; Appendix Tables; References; Footnotes. 
650 0 |a Capital movements  |x Econometric models. 
650 0 |a Economic development  |x Econometric models. 
650 6 |a Mouvements de capitaux  |x Modèles économétriques. 
650 6 |a Développement économique  |x Modèles économétriques. 
650 7 |a Capital movements  |x Econometric models.  |2 fast  |0 (OCoLC)fst00846376 
650 7 |a Economic development  |x Econometric models.  |2 fast  |0 (OCoLC)fst00901797 
655 0 |a Electronic books. 
655 4 |a Electronic books. 
700 1 |a Ricci, Luca Antonio,  |e author.  |0 http://id.loc.gov/authorities/names/no97038546 
700 1 |a Tressel, Thierry,  |e author.  |0 http://id.loc.gov/authorities/names/nr2001031493 
710 2 |a International Monetary Fund.  |b Research Department,  |e issuing body.  |0 http://id.loc.gov/authorities/names/n77001219 
776 0 8 |i Print version:  |a Ricci, Luca Antonio.  |t International Capital Flows and Development: Financial Openness Matters.  |d Washington : International Monetary Fund, ©2010  |z 9781455209354 
830 0 |a IMF working paper ;  |v WP/10/235.  |0 http://id.loc.gov/authorities/names/no89010263 
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