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Capital account liberalization, financial development and industry growth: A synthetic view

✍ Scribed by Barry Eichengreen; Rachita Gullapalli; Ugo Panizza


Book ID
116659139
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
244 KB
Volume
30
Category
Article
ISSN
0261-5606

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Capital account liberalization and finan
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## Abstract An indicator of financial openness spanning the period 1890–1999 is used to evaluate policies towards the capital account of the balance of payments. Findings include that: financial globalization was deeper in 1890–1913 than subsequently; countries with liberal capital account policies