01810cas a2200265 a 4500 AALejournalIMF000104 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844337 1018-5941 BD-DhAAL BD-DhAAL Yuen, Chi-Wa. A Pecking Order Theory of Capital Inflows and International Tax Principles / Chi-Wa Yuen, Assaf Razin, Efraim Sadka. Washington, D.C. : International Monetary Fund, 1996. 1 online resource (28 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Even though financial markets today show a high degree of integration, the world capital market is still far from the textbook story of high capital mobility. The purpose of this paper is to highlight key sources of market failure in the context of international capital flows and to provide guidelines for efficient tax structure in the presence of capital market imperfections. The analysis distinguishes three types of international capital flows: foreign portfolio debt investment, foreign portfolio equity investment, and foreign direct investment. The paper emphasizes the efficiency of a nonuniform tax treatment of the various vehicles of international capital flows. Mode of access: Internet Razin, Assaf. Sadka, Efraim. IMF Working Papers; Working Paper ; No. 1996/026 Full text available on IMF http://elibrary.imf.org/view/journals/001/1996/026/001.1996.issue-026-en.xml IMF e-Library