Add to ORKGFinancial liberalization and integration have generated disappointing results. They were supposed to set up a win-win situation: capital would flow from capital-abundant, low-return, aging industrial countries to capital-scarce, high-return, young emerging countries. Growth in receiving countries would accelerate and both giver and receiver would be happier, while everyone's diversification opportunities improved. As a bonus, emerging market policymakers would be disciplined by losing access to a captive local financial market
This paper examines the interaction between capital flows and international reserve holdings in the ...
Standard theoretical arguments tell us that countries with relatively little capital beneÞt from Þna...
The recent phase of financial turmoil in emerging markets generated a deep sense that fundamental re...
Financial liberalization and integration have generated disappointing results. They were supposed to...
The accumulated experience of emerging markets over the last two decades has laid bare thetenuous li...
The widespread liberalization of international financial flows followed the end of the Bretton Woods...
The widespread liberalization of international financial flows followed the end of the Bretton Woods...
Standard theoretical arguments tell us that countries with relatively little capital benefit from fi...
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmi...
Standard theoretical arguments tell us that countries with relatively little capital benefit from fi...
During the last few decades, many emerging markets have lifted restrictions on cross-border financia...
International audienceThe pure risk sharing mechanism implies that financial liberalization is growt...
The pure risk sharing mechanism implies that financial liberalization is growth enhancing for all c...
The accumulated experience of emerging markets over the past two decades has laid bare the tenuous l...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper examines the interaction between capital flows and international reserve holdings in the ...
Standard theoretical arguments tell us that countries with relatively little capital beneÞt from Þna...
The recent phase of financial turmoil in emerging markets generated a deep sense that fundamental re...
Financial liberalization and integration have generated disappointing results. They were supposed to...
The accumulated experience of emerging markets over the last two decades has laid bare thetenuous li...
The widespread liberalization of international financial flows followed the end of the Bretton Woods...
The widespread liberalization of international financial flows followed the end of the Bretton Woods...
Standard theoretical arguments tell us that countries with relatively little capital benefit from fi...
In the past, foreign shocks arrived to national economies mainly through trade channels, and transmi...
Standard theoretical arguments tell us that countries with relatively little capital benefit from fi...
During the last few decades, many emerging markets have lifted restrictions on cross-border financia...
International audienceThe pure risk sharing mechanism implies that financial liberalization is growt...
The pure risk sharing mechanism implies that financial liberalization is growth enhancing for all c...
The accumulated experience of emerging markets over the past two decades has laid bare the tenuous l...
This Working Paper should not be reported as representing the views of the IMF. The views expressed ...
This paper examines the interaction between capital flows and international reserve holdings in the ...
Standard theoretical arguments tell us that countries with relatively little capital beneÞt from Þna...
The recent phase of financial turmoil in emerging markets generated a deep sense that fundamental re...