Capital Inflows, Financial Development, and Domestic Investment : Determinants and Inter-Relationships »
Series: IMF Working Papers
Author(s): Nicola Spatafora , and Oana Luca
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 May 2012
Keywords: Financial Development, Investment, domestic credit, private capital inflows, cost of capital, private capital
We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment in developing countries during 2001-07, a period of surging global liquidity and low interest ra...