An economy's financial integration with the outside world (the extent of capital mobility across its borders) is a key determinant of some of its most important macroeconomic properties. Yet little is known about this characteristic of many developing economies. An important stumbling block in the empirical assessment of financial integration (openness) is the many approaches to measuring it. The author describes and evaluates different tests of capital...
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INFORMATION
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1993/02/28
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Document de travail de recherche sur les politiques
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WPS1103
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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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