Capital Flows in a Globalized World : The Role of Policies and Institutions

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

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Year of publication:	[2005]
Authors:	Alfaro, Laura
Other Persons:	Kalemli-Ozcan, Sebnem (contributor) ; Volosovych, Vadym (contributor)
Publisher:	[2005]: [S.l.] : SSRN
Subject:	Welt \| World \| Kapitalmobilität \| Capital mobility \| Globalisierung \| Globalization \| Institutionelle Infrastruktur \| Institutional infrastructure \| Volatilität \| Volatility

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Extent:	1 Online-Ressource (62 p)
Series:	NBER Working Paper ; No. w11696
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 2005 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012784196