Capital Account Liberalization and Economic Performance: Survey and Synthesis

Torsten Sloek, Michael Klein, Luca Ricci and Hali Edison ()

No 2002/120, IMF Working Papers from International Monetary Fund

Abstract: This paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance. First, it discusses the different measures of restrictions used in the literature. Second, it reviews the literature on the relationship between growth and capital account liberalization. Finally, it identifies and explains some of the differences in the results of the various studies and provides some support for a positive effect of capital account liberalization on growth, especially for developing countries.

Keywords: WP; capital account openness; OECD country; capital account control account (search for similar items in EconPapers)
Pages: 39
Date: 2002-07-01
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Citations: View citations in EconPapers (160)

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Related works:
Journal Article: Capital Account Liberalization and Economic Performance: Survey and Synthesis (2004)
Working Paper: Capital Account Liberalization and Economic Performance: Survey and Synthesis (2002)
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2002/120

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