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Determinants of Capital Account Deregulation


Marketed By :  AV Akademikerverlag   Sold By :  Kamal Books International  
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  • Product Description
There is plenty of empirical evidence that free capital flows improve allocative efficiency, enhance investments and create investment opportunities. The effect on growth, though, is debated but there is evidence that at least opening to less volatile types of capital flows is beneficial to the economy. This paper looks into the determinants of capital account deregulation. It concludes that democracy, trade openness and income level generally reduce capital account restrictions, which is in line with previous empirical findings and confirms the theoretical assumption that under democracy, governments are encouraged to liberalize even if the outcome of reforms cannot be exactly predicted. Besides, public domestic debt and inflation contribute to higher outflow restrictions and the effect of these two variables is more noticeable in countries with fixed exchange rate regimes.
Product Specifications
SKU :COC14317
AuthorLauri Matsulevits
Number of Pages60
Publishing Year6/19/2012
Edition1 st
Book TypeInternational economics
Country of ManufactureIndia
Product BrandAV Akademikerverlag
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-24 00:00:00