NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Liquidity, Institutional Quality and the Composition of International Equity Outflows

Itay Goldstein, Assaf Razin, Hui Tong

NBER Working Paper No. 13723
Issued in January 2008

---- Acknowledgements -----

We acknowledge insightful comments by Rui Albuquerque, Samuel Bentolila, Francesco Caselli, Robert Flood, Olivier Jeanne, Jean Imbs, Philip Lane, Enrique Mendoza, Christopher Pissarides, Danny Quah, Rafael Repullo and seminar participants at the IMF, LBS, LSE, the 2007 CEPR Conference on International Adjustment, and the 2008 ASSA annual meeting. This paper represents the views of the authors and should not be thought to represent those of the International Monetary Fund or the National Bureau of Economic Research.

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