TY - BOOK ID - 84539361 TI - A Simple Measure of the Intensity of Capital Controls AU - Warnock, Francis. AU - Edison, Hali. PY - 2001 SN - 146235288X 1452738076 1282050796 9786613798244 1451904479 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Finance: General KW - Investments: Stocks KW - International Financial Markets KW - General Financial Markets: General (includes Measurement and Data) KW - International Investment KW - Long-term Capital Movements KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Financial Markets and the Macroeconomy KW - Finance KW - International economics KW - Investment & securities KW - Capital controls KW - Emerging and frontier financial markets KW - Stocks KW - Market capitalization KW - Stock markets KW - Balance of payments KW - Financial markets KW - Financial institutions KW - Financial services industry KW - Capital movements KW - Stock exchanges KW - Korea, Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:84539361 AB - We present a readily available monthly measure of the intensity of capital controls across 29 emerging market countries that is based on the degree of restrictions on foreign ownership of equities. The initial opening of a market as given by our measure corresponds well with the liberalization dates of Bekaert and Harvey (2000a). In addition, our measure provides information on the extent of the initial opening as well as the evolution of the liberalization over time. After presenting the measure, we compare it to other existing measures of capital controls and briefly describe empirical applications concerning home bias, capital flows to emerging markets, and the effects of financial liberalization on the cost of capital. ER -