Ma, Guonan; McCauley, Robert N - Bank for International Settlements (BIS) - 2013
Measures of de facto capital account openness for China and India raise the question whether the Chinn-Ito measure of … de jure capital account openness is useful and whether the Lane-Milesi-Ferretti measure of de facto openness ranks the … two countries correctly. We examine eight dimensions of de facto capital account openness. Four measures based on onshore …