01809cas a2200253 a 4500 AALejournalIMF001745 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451859119 1018-5941 BD-DhAAL BD-DhAAL Warnock, Francis. A Simple Measure of the Intensity of Capital Controls / Francis Warnock, Hali Edison. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (33 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 We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial opening of a market as given by our measure corresponds well with the liberalization dates of Bekaert and Harvey (2000a). In addition, our measure provides information on the extent of the initial opening as well as the evolution of the liberalization over time. After presenting the measure, we compare it to other existing measures of capital controls and briefly describe empirical applications concerning home bias, capital flows to emerging markets, and the effects of financial liberalization on the cost of capital. Mode of access: Internet Edison, Hali. IMF Working Papers; Working Paper ; No. 2001/180 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/180/001.2001.issue-180-en.xml IMF e-Library