Robert M. La Follette School of Public Affairs

What Matters for Financial Development? Capital Controls, Institutions, and Interactions

The authors examine links between capital account liberalization, legal and institutional development and financial development. They explore financial opening and equity market development, whether opening the goods sector is a precondition for financial opening and whether a well-developed banking sector is required for financial liberalization to lead to equity market development.

Additional Info

  • Volume or issue no.: La Follette School Working Paper No. 2005-007
  • Author(s): Menzie D. Chinn and Hiro Ito