NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

International Finance and Growth in Developing Countries: What Have We Learned?

Maurice Obstfeld

NBER Working Paper No. 14691
Issued in February 2009

---- Acknowledgements -----

This research was sponsored by the Commission on Growth and Development. I am grateful for assistance from Gabriel Chodorow-Reich, José Antonio Rodríguez-Lopez, Lorenz Küng, and Mary Yang. The current draft has benefited from discussions with Sara Guerschanik Calvo, Julian di Giovanni, Barry Eichengreen, Gian Maria Milesi-Ferretti, Peter Blair Henry, Ayhan Kose, Alan M. Taylor, Roberto Zagha, and an anonymous referee, as well as from comments at the April 9, 2007 conference in New York City organized by the Commission. I thank Sebastian Edwards for supplying the updated Edwards (2007) data on capital controls. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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