NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Capital Account Liberalization: Theory, Evidence, and Speculation

Peter Blair Henry

NBER Working Paper No. 12698
Issued in November 2006

---- Acknowledgements -----

I gratefully acknowledge financial support from an NSF CAREER Award, the John and Cynthia Fry Gunn Faculty Fellowship, and the Freeman Spogli Institute for International Studies. I thank Anusha Chari, Roger Gordon, Diana Kirk, John McMillan, Paul Romer, and two anonymous referees for helpful comments. Diego Sasson provided excellent research assistance. Finally, I thank Sir K. Dwight Venner and the Research Department of the Eastern Caribbean Central Bank for hosting me in the summer of 1994, when I first started thinking about the issues addressed in the paper.

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