03637nam 2200649Ia 450 991045325660332120200520144314.01-4755-4890-71-4755-4727-71-283-94790-0(CKB)2550000001003755(EBL)1607068(SSID)ssj0000949401(PQKBManifestationID)11596466(PQKBTitleCode)TC0000949401(PQKBWorkID)10996636(PQKB)10653729(MiAaPQ)EBC1607068(Au-PeEL)EBL1607068(CaPaEBR)ebr10644329(CaONFJC)MIL426040(OCoLC)819351941(EXLCZ)99255000000100375519950303d2012 uy 0engurcn|||||||||txtccrEffects of capital flow liberalization[electronic resource] what is the evidence from recent experiences of emerging market economies? /Tahsin Saadi Sedik and Tao SunWashington, D.C. International Monetary Fundc20121 online resource (28 p.)IMF working paper ;WP/12/275At head of title: Monetary and Capital Markets Department -- verso of t.p."November 2012" -- verso of t.p.1-4755-6457-0 1-58906-803-3 Includes bibliographical references.Cover; Abstract; Contents; I. Introduction; II. Measuring Capital Flow Restrictiveness; III. Recent Trends in Capital Flow Liberalization; Figures; 1. Capital Flow Liberalization Index; 2. Liberalization of Capital Flows, 1997 and 2010; Tables; 1. Countries that Liberalized During 1995-2010; IV. Empirical Strategy and Results; V. Simulation of the Effects of Capital Flow Liberalization on China; 3. De Jure and de Facto Measure of Liberalizing Capital Flows (2010); 4. Effects of Liberalizing Capital Flows in China; VI. Conclusions and Policy Implications; References2. Panel Regressions-Real GDP per Capita Growth 3. Panel Regressions-Inflation; 4. Panel Regressions-Equity returns; 5. Panel Regressions-Capital Adequacy Ratios; 6. Panel Regressions-Capital Inflows; 7. Panel Regressions-Capital Outflows; Appendices; I. Data Definition and Sources; II. Assumptions for Simulation of the Effects of Capital Flow Liberalization on ChinaThis 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 flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying theIMF Working PapersCapital movementsDeveloping countriesEconomic developmentDeveloping countriesElectronic books.Capital movementsEconomic developmentSaadi-Sedik Tahsin907416Sun Tao1970-873553International Monetary Fund.Monetary and Capital Markets Dept.MiAaPQMiAaPQMiAaPQBOOK9910453256603321Effects of capital flow liberalization2200160UNINA