F2 - International Factor Movements and International Business
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Private Capital Flows, Financial Development, and Economic Growth in Developing Countries
An important issue in the debate over the desirability of freer capital mobility for developing countries is whether capital flows have significant effects on economic growth. Proponents of capital account liberalization cite the growth-promoting attributes of capital inflows as a key benefit of financial integration for developing countries. -
International Capital Mobility and Asset Substitutability: Some Theory and Evidence on Recent Structural Changes
This study examines different aspects of the international integration of capital markets. In particular, it attempts to determine whether the changes in controls and regulatory policies that have occurred in the past decade have been associated with a greater degree of market integration.
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