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Capital Mobility: Evidence from Sri Lanka

dc.contributor.authorArusha Cooray
dc.date.accessioned2016-08-02T14:39:45Z
dc.date.available2016-08-02T14:39:45Z
dc.date.issued2002-06-30
dc.identifier.urihttp://hdl.handle.net/11540/5412
dc.description.abstractThe paper examines the degree to which financial deregulation has contributed to increased international capital mobility in Sri Lanka. In fulfilling this objective the empirical validity of three tests are examined: the Feldstein-Horioka (1980) model; the Sachs (1981, 1982) approach to the savings−investment relation; and the Shibata-Shintani (1998) model. The Shibata-Shintani model is further investigated by relaxing the assumption of a constant real rate of return. Overall evidence points to an increase in capital mobility in the postderegulation period suggesting an enhanced role of the exchange rate in the monetary transmission process.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.titleCapital Mobility: Evidence from Sri Lanka
dc.typeJournals
dc.subject.expertUrban Development Finance
dc.subject.expertTrade Finance
dc.subject.expertSmall Business Finance
dc.subject.expertRural Finance
dc.subject.expertRoundtable on International Trade and Finance
dc.subject.expertRegional Development Finance
dc.subject.expertPublic Service Finance
dc.subject.expertPublic Finance
dc.subject.expertProject Finance
dc.subject.expertPrivate Finance
dc.subject.expertNonbank Financing
dc.subject.expertNon-Bank Financial Institutions
dc.subject.expertMunicipal Finance
dc.subject.expertLocal Government Finance
dc.subject.expertLocal Currency Financing
dc.subject.expertLimited Resource Financing
dc.subject.expertInternational Financial Institutions
dc.subject.expertInfrastructure Financing
dc.subject.expertIndustrial Finance
dc.subject.expertGovernment Financial Institutions
dc.subject.expertGovernment Finance
dc.subject.expertFinancing of Infrastructure
dc.subject.expertFinancial Sector Development
dc.subject.expertFinancial Regulation
dc.subject.adbTaxation
dc.subject.adbPublic Accounting
dc.subject.adbNational Budget
dc.subject.adbMunicipal Bonds
dc.subject.adbLocal Government
dc.subject.adbLocal Taxes
dc.subject.adbInternational Monetary Relations
dc.subject.adbInternational Financial Market
dc.subject.adbInternational Banking
dc.subject.adbCentral Banks
dc.subject.adbBusiness Financing
dc.subject.adbCapital Resources
dc.subject.adbBudgetary Policy
dc.subject.adbCapital Needs
dc.subject.adbCorporate Divestiture
dc.subject.adbCapital Instruments
dc.subject.adbPension Funds
dc.subject.adbInsurance Companies
dc.subject.adbBanks
dc.subject.adbPortfolio Management
dc.subject.adbFiscal Administration
dc.subject.adbEconomics of Education
dc.subject.adbDevelopment Banks
dc.subject.naturalUse tax
dc.subject.naturalTaxing power
dc.subject.naturalState of taxation
dc.subject.naturalTax-sales
dc.subject.naturalTax revenue estimating
dc.subject.naturalTax planning
dc.subject.naturalSpendings tax
dc.subject.naturalSpecial assessments
dc.subject.naturalTax administration and procedure
dc.subject.naturalSales tax
dc.subject.naturalReal property and taxation
dc.subject.naturalProgressive taxation
dc.subject.naturalEffect of taxation on land use
dc.subject.naturalEffect of taxation on labor supply
dc.subject.naturalIntergovernmental tax relations
dc.subject.naturalInheritance and transfer tax
dc.subject.naturalEnergy tax
dc.title.volume19
dc.contributor.imprintAsian Development Bank
oar.themeFinance
oar.adminregionSouth Asia Region
oar.countrySri Lanka
oar.identifierOAR-005093
oar.authorCooray, Arusha
oar.importTRUE
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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