04161oam 22008654 450 991016292520332120230808201431.01-4755-6797-9(CKB)3710000001045052(MiAaPQ)EBC4800278(IMF)WPIEA2016252(EXLCZ)99371000000104505220020129d2016 uf 0engurcnu||||||||rdacontentrdamediardacarrierCapital Account Openness in Low-income Developing Countries : Evidence from a New Database /Sarwat Jahan, Daili WangWashington, D.C. :International Monetary Fund,2016.1 online resource (27 pages) illustrations (some color), graphs, tablesIMF Working Papers1-4755-6319-1 Includes bibliographical references.The relevance of recording and assessing countries’ capital flow management measures is well-recognized, but very few studies have focused on low-income developing countries (LIDCs). A key constraint is the lack of an appropriate index to measure the openness of capital account and its change over time. This paper fills the gap by constructing a de jure index based on information contained in the IMF’s Annual Report on Exchange Arrangements and Exchange Restrictions. It provides an aggregate index to capture the overall openness of the capital account, and also provides a breakdown of openness for various subcategories of capital flows. The new database covers 164 countries with information on 12 types of asset categories over the period 1996–2013. The index provides the largest coverage of LIDCs among all existing indices and also provides granularity on openness across asset types, direction of flows and residency. The paper examines the link between de jure capital account openness with de facto capital flows and outlines potential applications of this database.IMF Working Papers; Working Paper ;No. 2016/252Capital movementsMathematical modelsCapital movementsDeveloping countriesMathematical modelsExports and ImportsimfMethodology for Collecting, Estimating, and Organizing Macroeconomic DataimfData AccessimfInternational InvestmentimfLong-term Capital MovementsimfFinancial Aspects of Economic IntegrationimfCurrent Account AdjustmentimfShort-term Capital MovementsimfInternational economicsimfFinanceimfCapital accountimfCapital flowsimfCapital controlsimfForeign direct investmentimfCapital account liberalizationimfBalance of paymentsimfCapital movementsimfInvestments, ForeignimfUgandaimfCapital movementsMathematical models.Capital movementsMathematical models.Exports and ImportsMethodology for Collecting, Estimating, and Organizing Macroeconomic DataData AccessInternational InvestmentLong-term Capital MovementsFinancial Aspects of Economic IntegrationCurrent Account AdjustmentShort-term Capital MovementsInternational economicsFinanceCapital accountCapital flowsCapital controlsForeign direct investmentCapital account liberalizationBalance of paymentsCapital movementsInvestments, Foreign332.042Jahan Sarwat1376226Wang Daili1450857DcWaIMFBOOK9910162925203321Capital Account Openness in Low-income Developing Countries3650532UNINA