Capital flows in a globalized world
Subtitle: the role of policies and institutions
By: Laura Alfaro, Sebnem Kalemli-Ozcan, Vadym Volosovych.
Contributors: Kalemli-Ozcan, Sebnem.; Volosovych, Vadym.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11696; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11696.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Capital movements -- Mathematical models.; Investments, Foreign -- Mathematical models.; Capital movements -- Government policy.; Financial institutions.
Description: "We describe the patterns of international capital flows in the period 1970 - 2000.  We then examine the determinants of capital flows and capital flows volatility during this period.  We find that institutional quality is an important determinant of capital flows.  Historical determinants of current legal institutions have a direct effect on foreign investments.  Policy plays a significant role in explaining the changes in the level of capital flows over time and their volatility"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.