TY - BOOK ID - 11260733 TI - Sub-Saharan Africa's Integration in the Global Financial Markets AU - Delechat, Corinne. AU - Ramirez, Gustavo. AU - Wagh, Smita. AU - Wakeman-Linn, John. AU - International Monetary Fund. PY - 2009 SN - 1451916914 1462387055 128284329X 1451872615 9786612843297 1452701636 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Finance KW - Business & Economics KW - International Finance KW - Capital movements KW - Economic development KW - International finance. KW - International monetary system KW - International money KW - Development, Economic KW - Economic growth KW - Growth, Economic KW - Capital flight KW - Capital flows KW - Capital inflow KW - Capital outflow KW - Flight of capital KW - Flow of capital KW - Movements of capital KW - International economic relations KW - Economic policy KW - Economics KW - Statics and dynamics (Social sciences) KW - Development economics KW - Resource curse KW - Balance of payments KW - Foreign exchange KW - International finance KW - Exports and Imports KW - Finance: General KW - International Investment KW - Long-term Capital Movements KW - Financial Aspects of Economic Integration KW - Economic Growth of Open Economies KW - Economic Development: Financial Markets KW - Saving and Capital Investment KW - Corporate Finance and Governance KW - Institutions and Growth KW - Economywide Country Studies: Africa KW - Financial Markets and the Macroeconomy KW - International economics KW - Private capital flows KW - Capital inflows KW - Financial sector development KW - Foreign direct investment KW - Financial markets KW - Financial services industry KW - Investments, Foreign KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:11260733 AB - The paper uses a unique database covering 44 countries in sub-Saharan Africa (SSA) countries between 2000 and 2007 to study the determinants of the allocation and composition of flows across countries, as well as channels through which private capital flows could affect growth. In our sample, the degree of financial market development is an important determinant of the distribution of capital flows across countries as opposed to property rights institutions. The fairly consistent positive association between net capital flows and growth for SSA countries contrasts with the more pessimistic results of recent studies, though our data do not allow us to make conclusive inferences about a causality relationship. ER -