Chapter 2

Measurements of Capital and Financial Current Account Openness

D.P. Quinn*, M. Schindler, and A.M. Toyoda§

*Georgetown University, Washington, DC, USA

Joint Vienna Institute, Vienna, Austria

International Monetary Fund, Washington, DC, USA

§Villanova University, Villanova, PA, USA


For two decades, the relationship between financial openness and economic development has been a hotly debated topic. Investigation in this area could not have ...

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