Who Benefits from Capital Account Liberalization? : Evidence from Firm-Level Credit Ratings Data /
We provide new firm-level evidence on the effects of capital account liberalization. Based on corporate foreign-currency credit ratings data and a novel capital account restrictions index, we find that capital controls can substantially limit access to, and raise the cost of, foreign currency debt,...
| Autor principal: | |
|---|---|
| Outros Autores: | , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2009.
|
| Colecção: | IMF Working Papers; Working Paper ;
No. 2009/210 |
| Acesso em linha: | Full text available on IMF |