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Capital Account Liberalization and Economic Performance: Survey and Synthesis

Author

Listed:
  • Mr. Torsten M Sloek
  • Mr. Michael W Klein
  • Mr. Luca A Ricci
  • Ms. Hali J Edison

Abstract

This paper reviews and discusses issues involved in assessing the relationship between capital account liberalization and economic performance. First, it discusses the different measures of restrictions used in the literature. Second, it reviews the literature on the relationship between growth and capital account liberalization. Finally, it identifies and explains some of the differences in the results of the various studies and provides some support for a positive effect of capital account liberalization on growth, especially for developing countries.

Suggested Citation

  • Mr. Torsten M Sloek & Mr. Michael W Klein & Mr. Luca A Ricci & Ms. Hali J Edison, 2002. "Capital Account Liberalization and Economic Performance: Survey and Synthesis," IMF Working Papers 2002/120, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2002/120
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    More about this item

    Keywords

    WP; capital account openness; OECD country; capital account control account;
    All these keywords.

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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