G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w12589
来源IDWorking Paper 12589
Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets
Hali J. Edison; Francis E. Warnock
发表日期2006-10-13
出版年2006
语种英语
摘要We investigate the impact of two types of financial liberalizations on short- and long-horizon capital flows to emerging markets in a framework that controls for push and pull factors. The first type of liberalization, a reduction in capital controls, is countrywide but uncertain, because its extent and permanence is not known with certainty. The second type, a cross-border listing, is a firm-level liberalization that has no uncertainty. Consistent with theoretical predictions, we find that the deterministic cross-listing results in an immediate but short-lived increase in capital inflows. In contrast, the uncertain reduction in capital controls results in increased inflows only over a longer horizon, if at all.
主题International Economics ; International Factor Mobility ; International Finance ; Financial Economics ; Financial Markets
URLhttps://www.nber.org/papers/w12589
来源智库National Bureau of Economic Research (United States)
引用统计
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/570250
推荐引用方式
GB/T 7714
Hali J. Edison,Francis E. Warnock. Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets. 2006.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
w12589.pdf(191KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Hali J. Edison]的文章
[Francis E. Warnock]的文章
百度学术
百度学术中相似的文章
[Hali J. Edison]的文章
[Francis E. Warnock]的文章
必应学术
必应学术中相似的文章
[Hali J. Edison]的文章
[Francis E. Warnock]的文章
相关权益政策
暂无数据
收藏/分享
文件名: w12589.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。