Series: IMF Working Papers
Author(s): Davide Furceri , and Prakash Loungani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 24 November 2015
Keywords: Inequality, Capital Account Openness, Crises, Institutions, capital account, liberalization, capital account liberalization, standard deviations, Macroeconomic Analyses of Economic Development, All Countries
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequ...