| DEP VARIABLES | Chinn-Ito index | Portfolio flows 1 | Portfolio flows 2 | FDI flows |
| TLIB | 0.222*** | −0.195*** | −0.178*** | 0.214 |
| (0.066) | (0.045) | (0.046) | (0.180) | |
| lgdp | 0.002*** | 0.020*** | 0.020*** | 0.004*** |
| (0.000) | (0.003) | (0.003) | (0.001) | |
| Controls: country, year fixed effects | ||||
| Observations | 2593 | 2713 | 2713 | 2579 |
| Adjusted R-squared | 0.764 | 0.446 | 0.446 | 0.459 |