| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12589 |
| 来源ID | Working 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 |
| URL | https://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 | ||
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