A fundamental determinant of the macroeconomic properties of an economy is its degree of financial integration with the outside world. Yet very little is known about this characteristic of many developing economies. An important stumbling block in the empirical assessment of financial integration is the multiplicity of approaches to measurement. This article describes and evaluates tests of capital mobility and applies four such tests to assess the...
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INFORMATION
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1994/09/30
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Article de revue
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13666
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1
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1
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2010/07/01
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Capital mobility in developing countries : some measurement issues and empirical estimates
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financial integration
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