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   <subfield code="z">9781451872613</subfield>
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   <subfield code="a">Delechat, Corinne.</subfield>
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   <subfield code="a">Sub-Saharan Africa's Integration in the Global Financial Markets /</subfield>
   <subfield code="c">Corinne Delechat, John Wakeman-Linn, Smita Wagh, Gustavo Ramirez.</subfield>
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   <subfield code="a">Washington, D.C. :</subfield>
   <subfield code="b">International Monetary Fund,</subfield>
   <subfield code="c">2009.</subfield>
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   <subfield code="a">1 online resource (38 pages)</subfield>
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   <subfield code="a">IMF Working Papers</subfield>
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   <subfield code="a">Electronic access restricted to authorized BRAC University faculty, staff and students</subfield>
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   <subfield code="a">The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship.</subfield>
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   <subfield code="a">Ramirez, Gustavo.</subfield>
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   <subfield code="a">Wagh, Smita.</subfield>
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   <subfield code="a">Wakeman-Linn, John.</subfield>
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   <subfield code="a">IMF Working Papers; Working Paper ;</subfield>
   <subfield code="v">No. 2009/114</subfield>
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