Yu: The Measurement of Financial Openness – From the Perspective of G20

ABSTRACT:

There are two complementary measures of capital account openness: restriction measure, which is based on government regulation, and openness measure, which is based on actual economic data. For regulating and improving the restriction measure, this paper introduces an evaluation criteria and the weights of each capital account, and compares financial openness especially capital account openness among G20 countries.

 

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