We reassess the connection between capital account openness and capital flows in an empirical framework that is grounded in theory and makes use of previously u
The relevance of recording and assessing countries’ capital flow management measures is well-recognized, but very few studies have focused on low-income devel
We examine the association between capital inflows and industry growth in a sample of 22 emerging market economies from 1998 to 2010. We expect more external fi
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic
Does capital flow from rich to poor countries? We revisit the Lucas paradox and explore the role of capital account restrictions in shaping capital flows at var