International capital flows and development : financial openness matters /
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Author / Creator: | Reinhardt, Dennis B. S., author. |
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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 |
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049 | |a MAIN | ||
050 | 4 | |a HG3881.5.I58 |b W67 No. 10/235eb | |
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 | |
856 | 4 | 0 | |u http://elibrary.imf.org/view/journals/001/2010/235/001.2010.issue-235-en.xml |y INTERNATIONAL MONETARY FUND |
929 | |a oclccm | ||
999 | f | f | |i a9300131-b89e-5ff7-8976-014323ee26d1 |s b9d218d9-c176-56fe-a1b6-3611579a33f1 |
928 | |t Library of Congress classification |a HG3881.5.I58W67 No. 10/235eb |l Online |c UC-FullText |u http://elibrary.imf.org/view/journals/001/2010/235/001.2010.issue-235-en.xml |z INTERNATIONAL MONETARY FUND |g ebooks |i 12143562 |