Pregled bibliografske jedinice broj: 673244
Capital Account Liberalization, Financial Development and Industry Growth : A Synthetic View
Capital Account Liberalization, Financial Development and Industry Growth : A Synthetic View // Journal of international money and finance, 30 (2011), 6; 1090-1106 doi:10.1016/j.jimonfin.2011.06.007 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 673244 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Capital Account Liberalization, Financial Development and Industry Growth : A Synthetic View
Autori
Eichengreen, Barry ; Gullapalli, Rachita ; Panizza, Ugo
Izvornik
Journal of international money and finance (0261-5606) 30
(2011), 6;
1090-1106
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
capital account liberalization; financial development; external dependence
Sažetak
This paper synthesizes studies analyzing the effects of capital account liberalization on industry growth while controlling for financial crises, domestic financial development and the strength of institutions. We find evidence that financial openness has positive effects on the growth of financially dependent industries, although these growth-enhancing effects evaporate during financial crises. Further analysis indicates that the positive effects of capital account liberalization are limited to countries with relatively well-developed financial systems, good accounting standards, strong creditor rights and rule of law. It suggests that countries must reach a certain threshold in terms of institutional and economic development before they can expect to benefit from capital account liberalization.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
POVEZANOST RADA
Projekti:
067-0000000-1498 - Liberalizacija kapitalnog računa Hrvatske u procesu pristupanja Europskoj Uniji (Šohinger, Jasminka, MZOS ) ( CroRIS)
Ustanove:
Ekonomski fakultet, Zagreb
Citiraj ovu publikaciju:
Časopis indeksira:
- Current Contents Connect (CCC)
- Web of Science Core Collection (WoSCC)
- Social Science Citation Index (SSCI)
- SCI-EXP, SSCI i/ili A&HCI
- Scopus
- EconLit
Uključenost u ostale bibliografske baze podataka::
- Journal of Economic Literature
