Series: IMF Working Papers
Author(s): Francis Warnock , and Hali Edison
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 November 2001
Keywords: international financial liberalization, openness, portfolio investment, foreign ownership, capital controls, foreign ownership restrictions, cost of capital,
We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial open...