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100   $a19950303d2012      uy             0
101 0 $aeng
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181   $ctxt
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183   $acr
200 10$aEffects of capital flow liberalization$b[electronic resource] $ewhat is the evidence from recent experiences of emerging market economies? /$fTahsin Saadi Sedik and Tao Sun
210   $aWashington, D.C. $cInternational Monetary Fund$dc2012
215   $a1 online resource (28 p.)
225  0$aIMF working paper ;$vWP/12/275
300   $aAt head of title: Monetary and Capital Markets Department -- verso of t.p.
300   $a"November 2012" -- verso of t.p.
311   $a1-4755-6457-0 
311   $a1-58906-803-3 
320   $aIncludes bibliographical references.
327   $aCover; 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; References
327   $a2. 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 China
330   $aThis paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The results of the panel data regressions indicate that greater openness to capital flows is associated with higher growth, gross capital flows, and equity returns and with lower inflation and bank capital adequacy ratios. The effects vary depending on thresholds. As a potential application of these findings, the paper explores the possible effects of liberalization on China by applying the
410  0$aIMF Working Papers
606   $aCapital movements$zDeveloping countries
606   $aEconomic development$zDeveloping countries
608   $aElectronic books.
615  0$aCapital movements
615  0$aEconomic development
700   $aSaadi-Sedik$b Tahsin$0907416
701   $aSun$b Tao$f1970-$0873553
712 02$aInternational Monetary Fund.$bMonetary and Capital Markets Dept.
801  0$bMiAaPQ
801  1$bMiAaPQ
801  2$bMiAaPQ
906   $aBOOK
912   $a9910453256603321
996   $aEffects of capital flow liberalization$92200160
997   $aUNINA