Financial Openness, Democracy, and Redistributive Policy

The debate about the relationship between democratic forms of government and the free movement of capital across borders dates to the 18th century. It has regained prominence as capital on a massive scale has become increasingly mobile and as free...

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Bibliographic Details
Main Author:	Dailami, Monsoor
Format:	Policy Research Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGGREGATE DEMAND AGRICULTURE ASSET MANAGEMENT AUTONOMY BALANCE OF PAYMENTS BANK LOANS BANK RUN BANKING REGULATION BANKING SUPERVISION BENEFIT ANALYSIS BONDS BORROWING BORROWING COSTS CAPITAL ACCOUNT CAPITAL CONTROLS CAPITAL FLIGHT CAPITAL FLOWS CAPITAL MARKETS CAPITAL MOBILITY CAPITALIZATION CENTRAL BANK CENTRAL BANK GOVERNORS CHRONIC INFLATION CIVIL SOCIETY CONSOLIDATION CONSUMER PREFERENCES CORPORATE GOVERNANCE COST OF CAPITAL CRITICAL SOCIAL CURRENT ACCOUNT DEBT DEMOCRATIC INSTITUTIONS DEMOCRATIC SOCIETIES DEVELOPING COUNTRIES ECONOMIC ACTIVITY ECONOMIC CONDITIONS ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC RESEARCH EMERGING MARKET ECONOMIES EMPIRICAL ANALYSIS EMPIRICAL EVIDENCE EMPIRICAL RESEARCH EXCHANGE RATE EXCHANGE RATE ARRANGEMENTS EXCHANGE RATE REGIME EXCHANGE RATES EXPORTS EXTERNAL DEBT FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL ENVIRONMENT FINANCIAL INNOVATION FINANCIAL INSTITUTIONS FINANCIAL INTEGRATION FINANCIAL MARKET VOLATILITY FINANCIAL MARKETS FINANCIAL OPENNESS FINANCIAL REGULATION FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FINANCIAL VOLATILITY FISCAL DEFICITS FISCAL POLICY FOREIGN ASSETS FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FREE MARKETS FULL EMPLOYMENT GDP GLOBALIZATION GOVERNMENT EXPENDITURES GOVERNMENT INTERVENTION HUMAN CAPITAL IMPORTS INCOME INDUSTRIAL COUNTRIES INFLATION INFLATION RATES INSURANCE INTEREST RATE INTEREST RATES INTERNATIONAL BANKING INTERNATIONAL FINANCIAL TRANSACTIONS INTERNATIONAL POLICY COORDINATION INTERNATIONAL TRADE INVESTMENT OPPORTUNITIES LIQUID ASSETS LIQUIDITY MACRO POLICY MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MACROECONOMIC VARIABLES MACROECONOMICS MARGINAL COST MARGINAL WELFARE COSTS MARKET INTEGRATION MARKET VALUE MATURITIES MONETARY AUTHORITIES MONETARY POLICY MORAL HAZARD NATIONAL ECONOMIES OIL OIL PRICES PAYMENT IMBALANCES PER CAPITA INCOME POLICY RESEARCH POLITICAL ECONOMY PORTFOLIO DIVERSIFICATION POVERTY ALLEVIATION POVERTY REDUCTION PRICE STABILITY PRIVATIZATION PROPERTY RIGHTS PUBLIC ENTERPRISES PUBLIC EXPENDITURES PUBLIC GOODS REDISTRIBUTIVE TAXATION REGULATORY RESPONSES RENT SEEKING RENT SEEKING BEHAVIOR RISK AVERSE RISK AVERSION RISK DIVERSIFICATION RISK PREMIA SAVINGS SECURITIES SHORT-TERM TRANSACTIONS SOCIAL COSTS SOCIAL SECURITY SOCIAL SERVICES STANDARD DEVIATION STOCK MARKETS TRADE LIBERALIZATION TRANSACTION COSTS TRANSFER PAYMENTS TRANSPARENCY UNEMPLOYMENT WEALTH WELFARE ECONOMICS WELFARE GAINS
Online Access:	http://documents.worldbank.org/curated/en/2000/06/437065/financial-openness-democracy-redistributive-policy http://hdl.handle.net/10986/19832