What Matters for Financial Development? Capital Controls, Institutions, and Interactions

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Author(s): Chinn, Menzie D.; Ito, Hiro
Date: 2005
Series: La Follette School Working Papers
Abstract: The authors examine links between capital account liberalization, legal and institutional development and financial development. They explore financial opening and equity market development, whether opening the goods sector is a precondition for financial opening and whether a well-developed banking sector is required for financial liberalization to lead to equity market development.
Permanent link: http://digital.library.wisc.edu/1793/36202
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