Series: IMF Working Papers
Author(s): Ashoka Mody , and Antu Murshid
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2002
Keywords: capital flows, foreign capital, capital account liberalization, International Finance: General,
In a sample of 60 developing countries, we find evidence of a strong-almost one-to-one-relationship between capital inflows and domestic investment. However, this relationship has evolved over time. While growing f...