Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence
322 citations recorded by the source corpus.
Subfields: Finance, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/1fb4508bf602e7f87bd0ce9a17567295dba71e4f
Citations in the corpus
- A New Measure of Financial Openness (2008, unknown): “We initially constructed this index for Chinn and Ito (2002, 2006).”
- Capital Controls and the International Transmission of U.S. Money Shocks (2003, unknown): “Chinn and Ito (2002) find that financial development, measured by private credit creation and stock market capitalization, is negatively correlated with the extent of capital controls, a correlation that is stronger in developed countries with solid institutional frameworks.”
- The Dark Side of Global Integration: Increasing Tail Dependence (2010, unknown): “If two countries compete in the 13Consult Chinn and Itô (2002) and Hiro Itô’s website for more details on construction of this variable. same export markets it seems reasonable that both countries’ stock markets react similarly to shocks originating in these export markets.”
- Understanding the Growth of African Financial Markets (2009, unknown): “Chinn and Ito (2002, 2006) show that greater financial openness contributes to financial development, but only when the legal system and institutions have reached a certain level.”
- Financial development and financial liberalization in Asia: Thresholds, institutions and the sequence of liberalization (2006, unknown): “Financial Openness in Asia In this paper, the extent of financial openness is measured using the capital account openness index, KAOPEN developed by Chinn and Ito (2002).”
- The Structural Determinants of External Vulnerability (2006, unknown): “Openness in capital account transactions is captured by the Chinn–Ito index (Chinn and Ito 2002), with a higher value indicating a higher degree of openness.(11) The index of labor market flexibility, calculated from data in World Bank (2003), is a weighted average of three indicators (flexibility o”
- Financial Openness and Growth: Short-Run Gain, Long-Run Pain? (2007, unknown): “Chinn and Ito (2002) also investigate the issue, but their 7 All measures are calculated as a percentage of GDP in a given country and given year, see Appendix.”
- Capital Controls, Liberalizations, and Foreign Direct Investment (2006, unknown): “…policies and the role of sequencing in determining the effects of capital control liberalizations (as in Arteta, Eichengreen and Wyplosz (2001) and Chinn and Ito (2002)), and the role of political institutions in dictating outcomes associated with capital account liberalizations (as in Quinn,…”
- Firm-Level Evidence on International Stock Market Comovement (2003, unknown): “factor variance (denoted global) over the four sub-periods, along with the average across firms for the international sales ratio, and the corresponding values for the current account openness measure (caopen), the trade openness measure (tropen), the IMF’s capital account restriction measure (imfre”
- Are External Shocks Responsible for the Instability of Output in Low-Income Countries? (2005, unknown): “Capital account openness is measured as in Chinn and Ito (2002).”
- Government Bonds in Domestic and Foreign Currency : The Role of Institutional and Macroeconomic Factors (2007, unknown): “Regarding capital account openness, we use the variable constructed by Chinn and Ito (2002). The results suggest that more open countries have less developed domestic currency bond markets but have larger foreign currency bond markets (Table 3, columns 5 and 6).”