Capital account liberalization and inflation

被引：54

作者：

Gruben, WC

McLeod, D

机构：

[1] Fordham Univ, Dept Econ, Bronx, NY 10458 USA

[2] Fed Reserve Bank Dallas, Ctr Latin Amer Econ, Dallas, TX 75201 USA

来源：

ECONOMICS LETTERS | 2002年 / 77卷 / 02期

关键词：

inflation; disinflation; capital controls; capital account liberalization;

D O I：

10.1016/S0165-1765(02)00137-4

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Evidence from over 100 countries suggests a strong link between capital account openness and lower inflation. In particular, widespread capital account liberalization during the early 1990s appears to have contributed to the world-wide disinflation observed during that decade. Alternative indices of capital account openness, including those of Quinn and Toyoda [Measuring International Financial Openness and Closure, Department of Political Science, Georgetown University, Washington, DC, 1996, mimeo] yield similar results. (C) 2002 Elsevier Science B.V. All rights reserved.

引用

页码：221 / 225

页数：5

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