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- Title
International capital flows and development: financial openness matters.
- Authors
Reinhardt, Dennis; Ricci, Luca Antonio; Tressel, Thierry
- Abstract
The article focuses on the impact of capital account liberalisation on capital flows. It discusses the effectiveness of the neoclassical model to predict international capital flows when taking into account the degree of capital account openness, conditional on a set of fundamentals. It also offers information related to emphasized long-term determinants of cross-sectional differences in capital flows.
- Subjects
CAPITAL market; CAPITAL movements; FOREIGN investments; FOREIGN source income; INTERNATIONAL finance
- Publication
Bank of England Quarterly Bulletin, 2013, Vol 53, Issue 3, p278
- ISSN
0005-5166
- Publication type
Article