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this end, we use data on bilateral cross-border bank flows from 31 source to 76 recipient (advanced and emerging market … significantly influence the volume of cross-border bank flows, with restrictions at both ends associated with a larger reduction in …
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The paper discusses the pros and cons of capital account liberalization. Rather than contrasting liberalization and regulation of capital flows as irreconcilable antagonisms, we argue that capital account liberalization requires institutional and regulatory safeguards. Even though the...
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