The relationship between capital flows and financial development:a review of the literature

Julio Ramos-Tallada ()

Quarterly selection of articles - Bulletin de la Banque de France, 2011, issue 22, 19-31

Abstract: Paradoxically, industrialised countries tend to be net importers of capital. This phenomenon could be explained by the relatively higher level of financial development. Freedom of capital movements risks consolidating these differences in financial development between countries. However the theoretical causal links in this relationship are difficult to demonstrate empirically.

Keywords: capital flows; international financial integration; financial development. (search for similar items in EconPapers)
JEL-codes: F21 F36 G29 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:bfr:quarte:2011:22:02

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