• Anglický jazyk

Determinants of Capital Account Deregulation

Autor: Lauri Matsulevits

There is plenty of empirical evidence that free capital flows improve allocative efficiency, enhance investments and create investment opportunities. The effect on growth, though, is debated but there is evidence that at least opening to less volatile types... Viac o knihe

Na objednávku, dodanie 2-4 týždne

27.10 €

bežná cena: 30.80 €

O knihe

There is plenty of empirical evidence that free capital flows improve allocative efficiency, enhance investments and create investment opportunities. The effect on growth, though, is debated but there is evidence that at least opening to less volatile types of capital flows is beneficial to the economy. This paper looks into the determinants of capital account deregulation. It concludes that democracy, trade openness and income level generally reduce capital account restrictions, which is in line with previous empirical findings and confirms the theoretical assumption that under democracy, governments are encouraged to liberalize even if the outcome of reforms cannot be exactly predicted. Besides, public domestic debt and inflation contribute to higher outflow restrictions and the effect of these two variables is more noticeable in countries with fixed exchange rate regimes.

  • Vydavateľstvo: AV Akademikerverlag
  • Rok vydania: 2012
  • Formát: Paperback
  • Rozmer: 220 x 150 mm
  • Jazyk: Anglický jazyk
  • ISBN: 9783639424577

Generuje redakčný systém BUXUS CMS spoločnosti ui42.