01771cas a2200253 a 4500 AALejournalIMF001950 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451849745 1018-5941 BD-DhAAL BD-DhAAL Mody, Ashoka. Growing Up with Capital Flows / Ashoka Mody, Antu Murshid. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (32 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 In a sample of 60 developing countries, we find evidence of a strong-almost one-to-one-relationship between capital inflows and domestic investment. However, this relationship has evolved over time. While growing financial integration with the rest of the world has increased access to foreign private capital, the relationship between foreign capital and domestic investment has weakened, reflecting changes in the composition of inflows, offsetting outflows, and increased foreign-currency reserve requirements. In contrast, better policies have not only brought in more capital but also, especially for foreign direct investment, have tended to strengthen the relationship between foreign capital and domestic investment. Mode of access: Internet Murshid, Antu. IMF Working Papers; Working Paper ; No. 2002/075 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/075/001.2002.issue-075-en.xml IMF e-Library