Ostry, Jonathan David; Ghosh, Atish R.; Habermeier, … - International Monetary Fund (IMF) - 2010
similar to the benefits from free trade (see Reaping the Benefits of Financial Globalization, IMF Occasional Paper 264, 2008 … countries (EMEs). These flows, and capital mobility more generally, allow countries with limited savings to attract financing …), and imposing restrictions on capital mobility means foregoing, at least in part, these benefits, owing to the distortions …