01542cas a2200253 a 4500 AALejournalIMF016415 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513531083 1018-5941 BD-DhAAL BD-DhAAL Furceri, Davide. Capital Account Liberalization and Inequality / Davide Furceri, Prakash Loungani. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (26 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 This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms. Mode of access: Internet Loungani, Prakash. IMF Working Papers; Working Paper ; No. 2015/243 Full text available on IMF http://elibrary.imf.org/view/journals/001/2015/243/001.2015.issue-243-en.xml IMF e-Library