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Capital Flows in a Globalized World: The Role of Policies and Institutions / Laura Alfaro, Sebnem Kalemli-Ozcan, Vadym Volosovych.
- Format:
- Book
- Author/Creator:
- Alfaro, Laura.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w11696.
- NBER working paper series no. w11696
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Capital Flows in a Globalized World
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2005.
- Summary:
- We describe the patterns of international capital flows in the period 1970 - 2000. We then examine the determinants of capital flows and capital flows volatility during this period. We find that institutional quality is an important determinant of capital flows. Historical determinants of current legal institutions have a direct effect on foreign investments. Policy plays a significant role in explaining the changes in the level of capital flows over time and their volatility.
- Notes:
- Print version record
- October 2005.
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