Glick, Reuven; Guo, Xueyan; Hutchison, Michael - In: The Review of Economics and Statistics 88 (2006) 4, pp. 698-714
Are countries with unregulated capital flows more vulnerable to currency crises? Efforts to answer this question properly must control for self-selection bias, because countries with liberalized capital accounts may also have sounder economic policies and institutions that make them less likely...