06626oam 22014054 450 991081734530332120240402045821.01-4755-4890-71-4755-4727-71-283-94790-0(CKB)2550000001003755(EBL)1607068(SSID)ssj0000949401(PQKBManifestationID)11596466(PQKBTitleCode)TC0000949401(PQKBWorkID)10996636(PQKB)10653729(Au-PeEL)EBL1607068(CaPaEBR)ebr10644329(CaONFJC)MIL426040(OCoLC)819351941(IMF)WPIEE2012275(IMF)WPIEA2012275(MiAaPQ)EBC1607068(EXLCZ)99255000000100375520020129d2012 uf 0engurcn|||||||||txtccrEffects of Capital Flow Liberalization : What is the Evidence from Recent Experiences of Emerging Market Economies? /Tahsin Saadi Sedik, Tao Sun1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (28 p.)IMF Working PapersIMF 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 the coefficients of explanatory variables to the corresponding variables of China in 2012–16.IMF Working Papers; Working Paper ;No. 2012/275Capital movementsDeveloping countriesEconomic developmentDeveloping countriesBanks and BankingimfExports and ImportsimfFinance: Generalimf'Panel Data ModelsimfSpatio-temporal Models'imfCurrent Account AdjustmentimfShort-term Capital MovementsimfGeneral Financial Markets: Government Policy and RegulationimfOther Economic Systems: Public EconomicsimfFinancial EconomicsimfInternational InvestmentimfLong-term Capital MovementsimfFinancial Institutions and Services: Government Policy and RegulationimfInterest Rates: Determination, Term Structure, and EffectsimfInternational economicsimfFinancial services law & regulationimfFinanceimfCapital account liberalizationimfCapital flowsimfCapital adequacy requirementsimfFinancial sector riskimfReal interest ratesimfBalance of paymentsimfFinancial regulation and supervisionimfFinancial sector policy and analysisimfFinancial servicesimfCapital movementsimfAsset requirementsimfFinancial risk managementimfInterest ratesimfChina, People's Republic ofimfCapital movementsEconomic developmentBanks and BankingExports and ImportsFinance: General'Panel Data ModelsSpatio-temporal Models'Current Account AdjustmentShort-term Capital MovementsGeneral Financial Markets: Government Policy and RegulationOther Economic Systems: Public EconomicsFinancial EconomicsInternational InvestmentLong-term Capital MovementsFinancial Institutions and Services: Government Policy and RegulationInterest Rates: Determination, Term Structure, and EffectsInternational economicsFinancial services law & regulationFinanceCapital account liberalizationCapital flowsCapital adequacy requirementsFinancial sector riskReal interest ratesBalance of paymentsFinancial regulation and supervisionFinancial sector policy and analysisFinancial servicesCapital movementsAsset requirementsFinancial risk managementInterest rates332.042Saadi Sedik Tahsin1623481Sun Tao1103303International Monetary Fund.Monetary and Capital Markets Dept.DcWaIMFBOOK9910817345303321Effects of Capital Flow Liberalization3957884UNINA