LEADER 04161oam 22008654 450 001 9910162925203321 005 20230808201431.0 010 $a1-4755-6797-9 035 $a(CKB)3710000001045052 035 $a(MiAaPQ)EBC4800278 035 $a(IMF)WPIEA2016252 035 $a(EXLCZ)993710000001045052 100 $a20020129d2016 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 10$aCapital Account Openness in Low-income Developing Countries : $eEvidence from a New Database /$fSarwat Jahan, Daili Wang 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2016. 215 $a1 online resource (27 pages) $cillustrations (some color), graphs, tables 225 1 $aIMF Working Papers 311 $a1-4755-6319-1 320 $aIncludes bibliographical references. 330 3 $aThe relevance of recording and assessing countries? capital flow management measures is well-recognized, but very few studies have focused on low-income developing countries (LIDCs). A key constraint is the lack of an appropriate index to measure the openness of capital account and its change over time. This paper fills the gap by constructing a de jure index based on information contained in the IMF?s Annual Report on Exchange Arrangements and Exchange Restrictions. It provides an aggregate index to capture the overall openness of the capital account, and also provides a breakdown of openness for various subcategories of capital flows. The new database covers 164 countries with information on 12 types of asset categories over the period 1996?2013. The index provides the largest coverage of LIDCs among all existing indices and also provides granularity on openness across asset types, direction of flows and residency. The paper examines the link between de jure capital account openness with de facto capital flows and outlines potential applications of this database. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2016/252 606 $aCapital movements$xMathematical models 606 $aCapital movements$zDeveloping countries$xMathematical models 606 $aExports and Imports$2imf 606 $aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data$2imf 606 $aData Access$2imf 606 $aInternational Investment$2imf 606 $aLong-term Capital Movements$2imf 606 $aFinancial Aspects of Economic Integration$2imf 606 $aCurrent Account Adjustment$2imf 606 $aShort-term Capital Movements$2imf 606 $aInternational economics$2imf 606 $aFinance$2imf 606 $aCapital account$2imf 606 $aCapital flows$2imf 606 $aCapital controls$2imf 606 $aForeign direct investment$2imf 606 $aCapital account liberalization$2imf 606 $aBalance of payments$2imf 606 $aCapital movements$2imf 606 $aInvestments, Foreign$2imf 607 $aUganda$2imf 615 0$aCapital movements$xMathematical models. 615 0$aCapital movements$xMathematical models. 615 7$aExports and Imports 615 7$aMethodology for Collecting, Estimating, and Organizing Macroeconomic Data 615 7$aData Access 615 7$aInternational Investment 615 7$aLong-term Capital Movements 615 7$aFinancial Aspects of Economic Integration 615 7$aCurrent Account Adjustment 615 7$aShort-term Capital Movements 615 7$aInternational economics 615 7$aFinance 615 7$aCapital account 615 7$aCapital flows 615 7$aCapital controls 615 7$aForeign direct investment 615 7$aCapital account liberalization 615 7$aBalance of payments 615 7$aCapital movements 615 7$aInvestments, Foreign 676 $a332.042 700 $aJahan$b Sarwat$01376226 701 $aWang$b Daili$01450857 801 0$bDcWaIMF 906 $aBOOK 912 $a9910162925203321 996 $aCapital Account Openness in Low-income Developing Countries$93650532 997 $aUNINA