Arbeitspapier

Corporate Governance and Private Capital Flows to Latin America

According to recent research, external factors and political governance considerations are key determinants of capital flows in Latin America. We postulate that corporate governance is a crucial determinant as well. We show that while the region is characterized by relatively low levels of corporate governance it shows highly volatile capital flows. The high level of economic volatility that characterizes the region is partly due to the behavior of capital flows which, in turn, are influenced by external factors. The paper shows that by implementing better corporate governance the region could reduce the sensitivity of capital flows to external shocks and hence reduce the volatility of its economy.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 482

Klassifikation
Wirtschaft
Thema
Corporate Governance
Auslandsinvestition
Kapitalmobilität
Lateinamerika

Ereignis
Geistige Schöpfung
(wer)
Chong, Alberto
Izquierdo, Alejandro
Micco, Alejandro
Panizza, Ugo
Ereignis
Veröffentlichung
(wer)
Inter-American Development Bank, Research Department
(wo)
Washington, DC
(wann)
2003

Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Chong, Alberto
  • Izquierdo, Alejandro
  • Micco, Alejandro
  • Panizza, Ugo
  • Inter-American Development Bank, Research Department

Entstanden

  • 2003

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