Analytical Corner: How Open Is Open? Measuring Capital Account Openness and Evidence on Targeted Equity-vs-Debt Liberalization
Monday, Apr 13, 2026 | 04:00 PM - 04:25 PM
Location: Meeting Halls A&B HQ1-3-430A&B
Overview
We introduce the FinOpen index, a new non-binary measure of capital account openness. Our results show that opening first to equity—rather than debt—leads to more stable external financing, especially in countries with stronger institutions.
