Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence
Menzie ChinnNATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138Hiro ItoDepartment of Economics Department of Economics Social Sciences I Social Sciences I University of California University of California Santa Cruz, CA 95064 Santa Cruz, CA 95064
2002en
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Аннотация
The empirical relationship between capital controls and the financial development of credit and equity markets is examined. We extend the literature on this subject along a number of dimensions. Specifically, we (1) investigate a substantially broader set of proxy measures of financial development;
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