01808cas a2200253 a 4500 AALejournalIMF007149 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455253296 1018-5941 BD-DhAAL BD-DhAAL Murshid, Antu. Growth from International Capital Flows : The Role of Volatility Regimes / Antu Murshid, Ashoka Mody. Washington, D.C. : International Monetary Fund, 2011. 1 online resource (41 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 Recent commentary has downplayed the growth dividend from international financial integration, highlighting the possibly negative correlation between capital inflows and long-run growth. This paper presents new evidence consistent with standard economic theory and a more benign interpretation of cross-border private capital flows. The key observation is that a country's growth volatility changes over time. With volatility below a threshold, an inflow of foreign capital has promoted growth. However, during periods of volatile growth, more flows have been associated with slower growth. Volatility levels and changes reflect an interaction of domestic production and institutional structures with global factors. Mode of access: Internet Mody, Ashoka. IMF Working Papers; Working Paper ; No. 2011/090 Full text available on IMF http://elibrary.imf.org/view/journals/001/2011/090/001.2011.issue-090-en.xml IMF e-Library