Effects of Capital Flow Liberalization : What is the Evidence from Recent Experiences of Emerging Market Economies? »
Series: IMF Working Papers
Author(s): Tahsin Saadi Sedik , and Tao Sun
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 16 November 2012
Keywords: Capital flow liberalization, emerging market economies, dynamic panel data specification, simulations, capital flow, capital adequacy, Models with Panel Data, Government Policy and Regulation,
This paper analyzes the experiences of emerging market economies (EMEs) that have liberalized capital flows over the past 15 years with respect to macroeconomic performance and risks to financial stability. The res...